ALLOWANCE FOR CREDIT LOSSES

3 Months Ended

Mar. 31, 2023

Credit Loss [Abstract]

ALLOWANCE FOR CREDIT LOSSES

NOTE 4: ALLOWANCE FOR CREDIT LOSSES

Substantially all of the allowance for credit losses relate to unsecured balances of receivables from users due to Fraudulent Deposit Transactions and losses on margin lending. Fraudulent Deposit Transactions occur when users initiate deposits into their accounts, make trades on our platform using a short-term extension of credit from us, and then repatriate or reverse the deposits, resulting in a loss to us of the credited amount. The following table summarizes the allowance for credit losses:

	Three Months Ended March 31,
(in millions)	2022		2023
Beginning balance	$	40	$	18
Provision for credit losses	8		9
Write-offs	(28)		(7)
Ending balance	$	20	$	20