CUSTOMER ASSETS AND LIABILITIES (Tables)

6 Months Ended

Jun. 30, 2023

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of customers' cash and crypto positions

The following table presents customers’ cash and crypto positions (in thousands):


	June 30,		December 31,
	2023		2022
Customer custodial funds	$	3,848,078	$	5,041,119
Customer crypto assets	124,243,587		75,413,188
Total customer assets	$	128,091,665	$	80,454,307

Customer custodial cash liabilities	$	3,848,078	$	4,829,587
Customer crypto liabilities	124,243,587		75,413,188
Total customer liabilities	$	128,091,665	$	80,242,775

Platform operator, crypto-asset

The following table sets forth the fair value of customer crypto assets, as shown on the condensed consolidated balance sheets, as customer crypto assets and customer crypto liabilities (in billions):


	June 30, 2023				December 31, 2022
	Fair Value		Percentage of Total(1)		Fair Value		Percentage of Total(1)
Bitcoin	$	60.7	48.9	%	$	32.5	43.1	%
Ethereum(2)	33.5		27.0	%	20.8		27.6	%
USDC	1.5		1.2	%	1.1		1.4	%
Other crypto assets	28.5		22.9	%	21.0		27.9	%
Total customer crypto assets	$	124.2	100.0	%	$	75.4	100.0	%

__________________

(1)As of June 30, 2023 and December 31, 2022, no assets other than Bitcoin and Ethereum individually represented more than 5% of total customer crypto assets.

(2)As of June 30, 2023 and December 31, 2022, Ethereum included $7.0 billion and $3.0 billion, respectively, of staked Ethereum.