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RELATED PARTY TRANSACTIONS
 9 Months Ended
Sep. 30, 2023
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS RELATED PARTY TRANSACTIONS
Revenue and accounts receivable
Certain of the Company’s directors, executive officers, and principal owners, including immediate family members, are users of the Company’s platform. The Company recognized revenue from related party customers of $3.4 million and $1.9 million for the three months ended September 30, 2023 and September 30, 2022, respectively, and $11.6 million and $9.5 million for the nine months ended September 30, 2023 and September 30, 2022, respectively. As of September 30, 2023 and December 31, 2022, amounts receivable from related party customers were $3.4 million and $1.3 million, respectively.
Customer assets and liabilities
As of September 30, 2023 and December 31, 2022, safeguarding customer crypto assets and safeguarding customer crypto liabilities for related parties were $4.8 billion and $3.5 billion, respectively. As of September 30, 2023 and December 31, 2022, customer custodial funds and customer custodial cash liabilities due to related party customers were $71.6 million and $14.2 million, respectively.
Prepaid and other assets
During the nine months ended September 30, 2023 and 2022, the Company invested an aggregate of $1.9 million and $14.4 million, respectively, in investees in which certain related parties of the Company held an interest over 10%.
Expenses and accounts payable
During the three and nine months ended September 30, 2023, the Company incurred $0.4 million and $1.0 million, respectively, for professional and consulting services provided by entities affiliated with related parties. As of September 30, 2023 and December 31, 2022, amounts payable to related parties were $0.2 million and $0, respectively.