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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Net (loss) income $ (2,067,948) $ 2,783,912
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Depreciation and amortization 113,721 40,633
Crypto asset impairment expense 689,077 234,023
Investment impairment expense 70,866 0
Other impairment expense 9,071 0
Stock-based compensation expense 1,135,078 558,157
Provision for transaction losses and doubtful accounts (7,599) 14,816
Loss on disposal of property and equipment 0 361
Deferred income taxes (444,225) (572,044)
Unrealized loss on foreign exchange 192,253 16,084
Fair value gain on foreign exchange derivatives (22,935) 0
Non-cash lease expense 23,374 27,151
Change in fair value of contingent consideration (7,175) (924)
Realized gain on crypto assets (34,274) (125,822)
Crypto assets received as revenue (376,990) (661,254)
Crypto asset payments for expenses 332,897 465,157
Fair value loss (gain) on derivatives 3,351 (23,823)
Amortization of debt discount and issuance costs 7,042 2,420
Loss (gain) on investments 1,118 (14,209)
Changes in operating assets and liabilities:    
USDC (298,236) (56,710)
Accounts and loans receivable 32,211 37,244
Income taxes, net 4,785 (95,756)
Other current and non-current assets (104,801) (26,331)
Customer custodial cash liabilities (3,977,293) 4,938,326
Accounts payable 24,667 17,393
Lease liabilities (7,758) (18,899)
Other current and non-current liabilities (107,553) 196,806
Net cash (used in) provided by operating activities (4,817,276) 7,736,711
Cash flows from investing activities    
Purchase of property and equipment (3,747) (1,628)
Proceeds from sale of property and equipment 0 31
Capitalized internal-use software development costs (47,831) (15,507)
Business combinations, net of cash acquired (186,150) (39,405)
Purchase of investments (57,716) (251,118)
Purchase of assembled workforce 0 (24,000)
Proceeds from settlement of investments 1,497 0
Purchase of crypto assets held (1,339,689) (1,479,091)
Disposal of crypto assets held 894,147 1,268,801
Loans originated (189,137) (169,325)
Proceeds from repayment of loans 290,928 66,827
Net cash used in investing activities (637,698) (644,415)
Cash flows from financing activities    
Issuance of common stock upon exercise of stock options, net of repurchases 40,978 174,949
Taxes paid related to net share settlement of equity awards (268,746) (103,136)
Proceeds received under the ESPP 16,064 11,532
Other financing activities 3,679 0
Issuance of shares from exercise of warrants 0 433
Issuance of convertible senior notes, net 0 1,403,753
Issuance of senior notes, net 0 1,976,011
Purchase of capped calls 0 (90,131)
Proceeds from short-term borrowings 149,400 20,000
Repayment of short-term borrowings (170,000) 0
Net cash (used in) provided by financing activities (228,625) 3,393,411
Net (decrease) increase in cash, cash equivalents, and restricted cash (5,683,599) 10,485,707
Effect of exchange rates on cash, cash equivalents, and restricted cash (376,261) (1,111)
Cash, cash equivalents, and restricted cash, beginning of period 17,680,662 4,856,029
Cash, cash equivalents, and restricted cash, end of period 11,620,802 15,340,625
Cash, cash equivalents, and restricted cash consisted of the following:    
Cash and cash equivalents 5,006,584 6,352,775
Restricted cash 23,113 30,884
Customer custodial cash 6,591,105 8,956,966
Total cash, cash equivalents, and restricted cash 11,620,802 15,340,625
Supplemental disclosure of cash flow information    
Cash paid during the period for interest 43,630 0
Cash paid during the period for income taxes 17,762 53,426
Operating cash outflows for amounts included in the measurement of operating lease liabilities 10,845 16,781
Supplemental schedule of non-cash investing and financing activities    
Unsettled purchases of property and equipment 177 974
Right-of-use assets obtained in exchange for operating lease obligations 3,059 26,672
Non-cash consideration paid for business combinations 324,925 535,989
Purchase of crypto assets and investments with non-cash consideration 17,898 4,940
Redemption of investments with non-cash consideration 5,000 0
Crypto assets borrowed 728,490 292,635
Crypto assets borrowed repaid with crypto assets $ 1,182,479 $ 59,348