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SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
 3 Months Ended
Mar. 31, 2024
Supplemental Cash Flow Elements [Abstract]  
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Changes in operating assets and liabilities affecting cash were as follows (in thousands):
Three Months Ended March 31,
20242023
USDC$(299,507)$497,303 
Accounts receivable(108,802)(67,126)
Deposits in transit(21,260)(15,262)
Income taxes, net41,613 (7,608)
Other current and non-current assets(3,856)(14,892)
Other current and non-current liabilities(82,190)(77,088)
Net changes in operating assets and liabilities$(474,002)$315,327 
Reconciliation of cash, cash equivalents, and restricted cash (in thousands):
Three Months Ended March 31,
20242023
Cash and cash equivalents$6,711,400 $5,018,409 
Restricted cash33,499 26,712 
Customer custodial cash5,002,888 5,293,029 
Total cash, cash equivalents, and restricted cash$11,747,787 $10,338,150 
Supplemental schedule of non-cash investing and financing activities were as follows (in thousands):
Three Months Ended March 31,
20242023
Crypto assets borrowed$191,436 $170,599 
Crypto assets borrowed repaid with crypto assets77,451 200,151 
Crypto asset loans originated
424,248 — 
Crypto asset loans repaid
286,475 — 
Non-cash assets received as collateral90,798 19,116 
Non-cash assets received as collateral returned15,374 45,990 
Non-cash assets pledged as collateral42,020 30,774 
Non-cash assets pledged as collateral returned20,804 10,743 
Non-cash consideration paid for business combinations— 51,494 
Realized gains on crypto assets held for investment— 48,491 
Cumulative-effect adjustment due to the adoption of ASU 2023-08561,489 —