CUSTOMER ASSETS AND LIABILITIES (Tables)

9 Months Ended

Sep. 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 safeguarded crypto positions (in thousands):


	September 30,		December 31,
	2023		2022
Customer custodial funds	$	3,474,489	$	5,041,119
Safeguarding customer crypto assets	114,291,909		75,413,188
Total customer assets	$	117,766,398	$	80,454,307

Customer custodial cash liabilities	$	3,474,489	$	4,829,587
Safeguarding customer crypto liabilities	114,291,909		75,413,188
Total customer liabilities	$	117,766,398	$	80,242,775

Platform operator, crypto-asset

The following table sets forth the fair values of safeguarded customer crypto assets that were greater than 10% of the total safeguarded customer crypto assets recorded for the applicable period, as shown on the condensed consolidated balance sheets (in billions):


	September 30, 2023				December 31, 2022
	Fair Value		Percentage of Total(1)		Fair Value		Percentage of Total(1)
Bitcoin	$	55.7	48.7	%	$	32.5	43.1	%
Ethereum(2)	29.5		25.8	%	20.8		27.6	%
Other crypto assets	29.1		25.5	%	22.1		29.3	%
Total safeguarding customer crypto assets	$	114.3	100.0	%	$	75.4	100.0	%

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

(2)As of September 30, 2023 and December 31, 2022, Ethereum included $7.1 billion and $3.0 billion, respectively, of staked Ethereum.