REVENUE

3 Months Ended

Mar. 31, 2020

Revenue from Contract with Customer [Abstract]

REVENUE

REVENUE

The following table presents the Company's revenue disaggregated by revenue source (in thousands):

	Three Months Ended March 31,
	2020		2019
Revenue from Contracts with Customers:
Transaction-based revenue	$	758,101	$	656,762
Subscription and services-based revenue	255,883		190,307
Hardware revenue	20,675		18,212
Bitcoin revenue	306,098		65,528
Revenue from other sources:
Subscription and services-based revenue	$	40,352	$	28,550

The deferred revenue balances were as follows (in thousands):

	Three Months Ended March 31,
	2020		2019
Deferred revenue, beginning of the period	$	44,331	$	36,451
Deferred revenue, end of the period	47,046		42,160
Revenue recognized in the period from amounts included in deferred revenue at the beginning of the period	$	15,570	$	12,306