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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities    
Net loss $ (176,301) $ (1,523,313)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 78,190 73,607
Investment impairment expense 8,226 69,289
Other impairment expense 8,113 7,949
Stock-based compensation expense 398,632 743,637
Restructuring stock-based compensation expense 84,042 0
Provision for transaction losses and doubtful accounts 1,809 (9,016)
Loss on disposal of property and equipment 7,734 0
Deferred income taxes (71,435) (337,520)
Unrealized loss on foreign exchange 16,435 115,072
Non-cash lease expense 34,173 14,451
Change in fair value of contingent consideration (262) (8,223)
Loss on investments 23 1,830
Fair value (gain) loss on derivatives (13,930) 952
Amortization of debt discount and issuance costs 4,403 4,838
Gain on extinguishment of long-term debt, net (17,855) 0
Realized loss on crypto futures contract 43,339 0
Crypto asset impairment expense 54,333 663,159
Crypto assets received as revenue (211,923) (290,209)
Crypto asset payments for expenses 135,002 265,816
Realized gain on crypto assets (95,390) (19,121)
Changes in operating assets and liabilities:    
USDC 508,752 (287,984)
Accounts and loans receivable (36,579) 7,359
Deposits in transit (88,680) 36,333
Income taxes, net (7,012) 4,058
Other current and non-current assets 31,003 (663)
Accounts payable (28,495) 659
Lease liabilities (32,361) (4,033)
Other current and non-current liabilities (19,784) 28,585
Net cash provided by (used in) operating activities 614,202 (442,488)
Cash flows from investing activities    
Purchase of property and equipment (379) (3,741)
Proceeds from sale of property and equipment 103 0
Capitalized internal-use software development costs (30,587) (32,088)
Business combinations, net of cash acquired (30,730) (186,150)
Purchase of investments (4,808) (46,902)
Proceeds from settlement of investments 1,133 1,497
Loans originated (144,283) (166,648)
Proceeds from repayment of loans 109,630 259,104
Assets pledged as collateral (839) 0
Assets pledged as collateral returned 42,383 0
Settlement of crypto futures contract (43,339) 0
Purchase of crypto assets held (99,064) (1,204,918)
Disposal of crypto assets held 188,026 761,226
Net cash used in investing activities (12,754) (618,620)
Cash flows from financing activities    
Issuance of common stock upon exercise of stock options, net of repurchases 16,649 31,866
Taxes paid related to net share settlement of equity awards (115,392) (213,133)
Proceeds received under the ESPP 8,985 12,031
Other financing activities 0 3,679
Customer custodial cash liabilities (987,957) (3,421,287)
Repurchases of 2026 Convertible Notes (45,469) 0
Assets received as collateral 5,169 0
Assets received as collateral returned (3,766) 0
Proceeds from short-term borrowings 31,640 149,400
Repayments of short-term borrowings (52,122) (170,000)
Net cash used in financing activities (1,142,263) (3,607,444)
Net decrease in cash, cash equivalents, and restricted cash (540,815) (4,668,552)
Effect of exchange rates on cash, cash equivalents, and restricted cash (4,370) (119,932)
Cash, cash equivalents, and restricted cash, beginning of period 9,429,646 17,680,662
Cash, cash equivalents, and restricted cash, end of period 8,884,461 12,892,178
Cash, cash equivalents, and restricted cash consisted of the following:    
Cash and cash equivalents 5,166,733 5,682,068
Restricted cash 20,697 28,962
Customer custodial funds 3,697,031 7,181,148
Total cash, cash equivalents, and restricted cash 8,884,461 12,892,178
Supplemental disclosure of cash flow information    
Cash paid during the period for interest 38,684 43,630
Cash paid during the period for income taxes 10,669 10,002
Operating cash outflows for amounts included in the measurement of operating lease liabilities 7,559 7,020
Supplemental schedule of non-cash investing and financing activities    
Unsettled purchases of property and equipment 0 283
Right-of-use assets obtained in exchange for operating lease obligations 135 3,240
Non-cash consideration paid for business combinations 51,494 324,925
Purchase of crypto assets and investments with non-cash consideration 9,330 17,096
Disposal of crypto assets for non-cash consideration 7,283 0
Crypto assets borrowed 272,590 505,176
Crypto assets borrowed repaid with crypto assets 304,433 935,792
Realized gain on crypto assets held as investments 48,491 0
Non-cash assets pledged as collateral 63,460 0
Non-cash assets pledged as collateral returned 42,514 0
Non-cash assets received as collateral 59,516 0
Non-cash assets received as collateral returned $ 86,390 $ 0