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REVENUE (Tables)

9 Months Ended

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.

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-5

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X

- Definition

Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph a
-SubTopic 10
-Topic 280
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

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