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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 5,166,733 $ 4,425,021
Restricted cash 20,697 25,873
Customer custodial funds 3,848,078 5,041,119
Customer crypto assets [1] 124,243,587 75,413,188
USDC 315,508 861,149
Accounts and loans receivable, net of allowance 427,210 404,376
Income tax receivable 64,759 60,441
Prepaid expenses and other current assets 175,399 217,048
Total current assets 134,261,971 86,448,215
Crypto assets held 485,347 424,393
Lease right-of-use assets 18,210 69,357
Property and equipment, net 186,046 171,853
Goodwill 1,139,670 1,073,906
Intangible assets, net 108,134 135,429
Other non-current assets 1,451,197 1,401,720
Total assets 137,650,575 89,724,873
Current liabilities:    
Customer custodial cash liabilities 3,848,078 4,829,587
Customer crypto liabilities [2] 124,243,587 75,413,188
Accounts payable 27,983 56,043
Accrued expenses and other current liabilities 262,251 331,236
Crypto asset borrowings 144,503 151,505
Lease liabilities, current 12,350 33,734
Total current liabilities 128,538,752 80,815,293
Lease liabilities, non-current 8,611 42,044
Long-term debt 3,334,257 3,393,448
Other non-current liabilities 14,252 19,531
Total liabilities 131,895,872 84,270,316
#REF!
Stockholders’ equity:    
Additional paid-in capital 4,239,319 3,767,686
Accumulated other comprehensive loss (33,792) (38,606)
Retained earnings 1,549,174 1,725,475
Total stockholders’ equity 5,754,703 5,454,557
Total liabilities and stockholders’ equity 137,650,575 89,724,873
Class A common stock    
Stockholders’ equity:    
Common stock 2 2
Class B common stock    
Stockholders’ equity:    
Common stock $ 0 $ 0
[1] Safeguarding assets
[2] Safeguarding liabilities