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ACCOUNTS AND LOANS RECEIVABLE, NET OF ALLOWANCE (Tables)

6 Months Ended

Jun. 30, 2023

Schedule of accounts receivable, net of allowance

Accounts and loans receivable, net of allowance consisted of the following (in thousands):


	June 30,		December 31,
	2023		2022
Interest receivable	$	216,035	$	181,647

Custodial fee revenue receivable	15,014		8,434
Loans receivable(1)	132,856		98,203
Crypto asset loans receivable	37,694		85,826
Other receivables(2)	38,920		41,766

Allowance for doubtful accounts(3)	(13,309)		(11,500)
Total accounts and loans receivable, net of allowance	$	427,210	$	404,376

__________________

(1)Loans receivable does not include $40.6 million and $2.8 million of receivables denominated in USDC as of June 30, 2023 and December 31, 2022, respectively, as these financial assets did not meet the criteria for derecognition. These amounts are included in USDC in the condensed consolidated balance sheets.

(2)Includes accounts receivables denominated in crypto assets of $5.4 million and $6.9 million as of June 30, 2023 and December 31, 2022, respectively. See Note 13. Derivatives for additional details.

(3)Includes provision for transaction losses of $2.9 million and $3.2 million as of June 30, 2023 and December 31, 2022, respectively.