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REVENUE (Tables) | 9 Months Ended
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Sep. 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 September 30, |  | Nine Months Ended September 30, |  |  |  |
| 2023 |  | 2022 |  | 2023 |  | 2022 |  |  |  |
Net revenue |  |  |  |  |  |  |  |  |  |  |
Transaction revenue |  |  |  |  |  |  |  |  |  |  |
Consumer, net | $ | 274,505 |  |  | $ | 346,091 |  |  | $ | 936,944 |  |  | $ | 1,928,145 |  |  |  |  |
Institutional, net | 14,070 |  |  | 19,777 |  |  | 53,442 |  |  | 105,973 |  |  |  |  |
Total transaction revenue | 288,575 |  |  | 365,868 |  |  | 990,386 |  |  | 2,034,118 |  |  |  |  |
Subscription and services revenue |  |  |  |  |  |  |  |  |  |  |
Stablecoin revenue | 172,357 |  |  | 76,858 |  |  | 522,650 |  |  | 99,977 |  |  |  |  |
Blockchain rewards | 74,461 |  |  | 62,759 |  |  | 235,824 |  |  | 213,064 |  |  |  |  |
Interest income | 39,467 |  |  | 24,920 |  |  | 131,360 |  |  | 44,769 |  |  |  |  |
Custodial fee revenue | 15,805 |  |  | 14,532 |  |  | 49,839 |  |  | 68,404 |  |  |  |  |
Other subscription and services revenue | 32,339 |  |  | 31,438 |  |  | 91,843 |  |  | 83,537 |  |  |  |  |
Total subscription and services revenue | 334,429 |  |  | 210,507 |  |  | 1,031,516 |  |  | 509,751 |  |  |  |  |
Total net revenue | 623,004 |  |  | 576,375 |  |  | 2,021,902 |  |  | 2,543,869 |  |  |  |  |
Other revenue |  |  |  |  |  |  |  |  |  |  |
Corporate interest and other income | 51,144 |  |  | 13,964 |  |  | 132,686 |  |  | 21,231 |  |  |  |  |
Total other revenue | 51,144 |  |  | 13,964 |  |  | 132,686 |  |  | 21,231 |  |  |  |  |
Total revenue | $ | 674,148 |  |  | $ | 590,339 |  |  | $ | 2,154,588 |  |  | $ | 2,565,100 |  |  |  |  |
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 September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022 |  |
United States | $ | 603,648 |  |  | $ | 501,963 |  |  | $ | 1,928,278 |  |  | $ | 2,125,010 |  |  |
Rest of the World(1) | 70,500 |  |  | 88,376 |  |  | 226,310 |  |  | 440,090 |  |  |
Total revenue | $ | 674,148 |  |  | $ | 590,339 |  |  | $ | 2,154,588 |  |  | $ | 2,565,100 |  |  |
__________________ (1)No other individual country accounted for more than 10% of total revenue.

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