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REVENUE (Tables) | 3 Months Ended
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Mar. 31, 2024
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 March 31, |  |  |  |
|  |  |  |  | 2024 |  | 2023 |  |  |  |  |  |
Net revenue |  |  |  |  |  |  |  |  |  |  |  |  |
Transaction revenue |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer, net(1) |  |  |  |  | $ | 935,212 |  |  | $ | 329,152 |  |  |  |  |  |  |
Institutional, net |  |  |  |  | 85,392 |  |  | 22,311 |  |  |  |  |  |  |
Other transaction revenue(1) |  |  |  |  | 56,137 |  |  | 23,250 |  |  |  |  |  |  |
Total transaction revenue |  |  |  |  | 1,076,741 |  |  | 374,713 |  |  |  |  |  |  |
Subscription and services revenue |  |  |  |  |  |  |  |  |  |  |  |  |
Stablecoin revenue |  |  |  |  | 197,317 |  |  | 198,898 |  |  |  |  |  |  |
Blockchain rewards |  |  |  |  | 150,929 |  |  | 73,749 |  |  |  |  |  |  |
Interest and finance fee income(2) |  |  |  |  | 66,663 |  |  | 43,313 |  |  |  |  |  |  |
Custodial fee revenue |  |  |  |  | 32,341 |  |  | 17,043 |  |  |  |  |  |  |
Other subscription and services revenue(2) |  |  |  |  | 63,686 |  |  | 28,682 |  |  |  |  |  |  |
Total subscription and services revenue |  |  |  |  | 510,936 |  |  | 361,685 |  |  |  |  |  |  |
Total net revenue |  |  |  |  | 1,587,677 |  |  | 736,398 |  |  |  |  |  |  |
Other revenue |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate interest and other income |  |  |  |  | 49,893 |  |  | 36,131 |  |  |  |  |  |  |
Total other revenue |  |  |  |  | 49,893 |  |  | 36,131 |  |  |  |  |  |  |
Total revenue |  |  |  |  | $ | 1,637,570 |  |  | $ | 772,529 |  |  |  |  |  |  |
__________________ (1)During the first quarter of 2024, the Company reclassified Base and payment-related revenue from consumer, net to other transaction revenue. Prior period amounts have been reclassified to conform to current period presentation. (2)During the first quarter of 2024, the Company reclassified Prime Financing fees earned from other subscription and services revenue to interest income, and renamed interest income to interest and finance fee income. Prior period amounts have been reclassified to conform to current period presentation.
Schedule of revenues disaggregated by geography | In the table below are the revenues disaggregated by geography, based on domicile of the customers, as applicable (in thousands):
|  |  |  | Three Months Ended March 31,
|  |  |  |  |  | 2024 |  | 2023 |  |  |  |
United States |  |  |  |  |  | $ | 1,353,450 |  |  | $ | 686,769 |  |  |  |  |
International(1) |  |  |  |  |  | 284,120 |  |  | 85,760 |  |  |  |  |
Total revenue |  |  |  |  |  | $ | 1,637,570 |  |  | $ | 772,529 |  |  |  |  |
__________________ (1)No other individual country accounted for more than 10% of total revenue.

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- 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 + Details
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