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SEGMENT INFORMATION (Tables)
12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule of Revenue Disaggregated by Revenue Stream The following table presents the Company’s revenue disaggregated by revenue stream for the years ended December 31, 2025, 2024 and 2023 (in thousands):
Year Ended December 31,
202520242023
Transaction fees$1,714,046 $1,680,820 $1,364,467 
Other revenue31,142 89,825 3,252 
Total revenue$1,745,188 $1,770,645 $1,367,719 
Schedule of Revenue from External Customers by Geographic Areas
The following table presents the Company’s transaction fees disaggregated by geography for the years ended December 31, 2025, 2024 and 2023 (in thousands):
Year Ended December 31,
202520242023
Transaction fees
United States$1,523,185$1,507,248$1,258,129
Switzerland189,775155,418129,422
Rest of world72,55093,69240,785
Total transaction fees before refunds1,785,5101,756,3581,428,336
Refunds(71,464)(75,538)(63,869)
Total transaction fees$1,714,046$1,680,820$1,364,467
Schedule of Long-Lived Assets by Geographic Areas The following table sets forth long-lived assets based on geography (in thousands):
December 31,
20252024
United States$72,970 $6,164 
Rest of world284 350 
Total$73,254 $6,514