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REVENUE (Tables)

6 Months Ended

Jun. 30, 2023

Revenue from Contract with Customer [Abstract]

Schedule of disaggregated revenue by source

The following table presents revenue of the Company disaggregated by revenue source (in thousands):

			Three Months Ended June 30,												Six Months Ended June 30,
			2023						2022						2023						2022
Net revenue
Transaction revenue
Consumer, net			$	310,037					$	616,212					$	662,439					$	1,582,054
Institutional, net			17,061						39,001						39,372						86,196
Total transaction revenue			327,098						655,213						701,811						1,668,250
Subscription and services revenue
Blockchain rewards			87,613						68,410						161,363						150,305
Custodial fee revenue			16,992						22,178						34,034						53,872
Interest income			201,364						32,514						442,186						42,968
Other subscription and services revenue			29,433						24,288						59,504						52,099
Total subscription and services revenue			335,402						147,390						697,087						299,244
Total net revenue			662,500						802,603						1,398,898						1,967,494
Other revenue
Crypto asset sales revenue			—						48						—						617
Corporate interest and other income			45,411						5,674						81,542						6,650
Total other revenue			45,411						5,722						81,542						7,267
Total revenue			$	707,911					$	808,325					$	1,480,440					$	1,974,761

Schedule of revenues disaggregated by geography

In the table below are the revenues disaggregated by geography, based on domicile of the customers or booking location, as applicable (in thousands):

			Three Months Ended June 30,												Six Months Ended June 30,
			2023						2022						2023						2022
United States			$	637,861					$	667,214					$	1,324,630					$	1,623,047
Rest of the World(1)			70,050						141,111						155,810						351,714
Total revenue			$	707,911					$	808,325					$	1,480,440					$	1,974,761

__________________

(1)No other individual country accounted for more than 10% of total revenue.

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-5

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X

- Definition

Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph a
-SubTopic 10
-Topic 280
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

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