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CUSTOMER ASSETS AND LIABILITIES | 3 Months Ended
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Mar. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
CUSTOMER ASSETS AND LIABILITIES | CUSTOMER ASSETS AND LIABILITIES The following table presents customers’ cash and safeguarded crypto positions (in thousands):
| March 31, |  | December 31,
| 2024 |  | 2023
Customer custodial funds | $ | 5,201,906 |  |  | $ | 4,570,845 |
Safeguarding customer crypto assets | 329,506,477 |  |  | 192,583,060 |
Total customer assets | $ | 334,708,383 |  |  | $ | 197,153,905 |
Customer custodial cash liabilities | $ | 5,201,906 |  |  | $ | 4,570,845 |
Safeguarding customer crypto liabilities | 329,506,477 |  |  | 192,583,060 |
Total customer liabilities | $ | 334,708,383 |  |  | $ | 197,153,905 |
During the three months ended March 31, 2024 and 2023, no losses were incurred in connection with safeguarding customer crypto assets. The following table sets forth the fair values of Safeguarding customer crypto assets as shown on the Condensed Consolidated Balance Sheets (in thousands, except percentages):
| March 31, 2024 |  | December 31, 2023
| Fair Value |  | Percentage of Total |  | Fair Value |  | Percentage of Total
Bitcoin | $ | 156,528,307 |  |  | 48 | % |  | $ | 89,864,637 |  |  | 47 | %
Ethereum | 62,873,141 |  |  | 19 | % |  | 40,200,059 |  |  | 21 | %
Solana | 24,304,478 |  |  | 7 | % |  | 12,906,278 |  |  | 6 | %
Other crypto assets(1) | 85,800,551 |  |  | 26 | % |  | 49,612,086 |  |  | 26 | %
Total safeguarding customer crypto assets | $ | 329,506,477 |  |  | 100 | % |  | $ | 192,583,060 |  |  | 100 | %
__________________ (1)Includes various other crypto assets balances, none of which individually represented more than 5% of total Safeguarding customer crypto assets. See Note 14. Fair Value Measurements, for additional details regarding the Safeguarding customer crypto assets and Safeguarding customer crypto liabilities.

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- Definition The entire disclosure for crypto-asset held for platform user. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section FF -Subsection Q2 -Publisher SEC + Details
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