CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 5,829	$ 6,339
Cash segregated under federal and other regulations	4,220	2,995
Receivables from brokers, dealers, and clearing organizations	117	76
Receivables from users, net	3,313	3,218
Securities borrowed	960	517
Deposits with clearing organizations	223	186
Asset related to user cryptocurrencies safeguarding obligation	11,503	8,431
User-held fractional shares	1,409	997
Held-to-maturity investments	321	0
Prepaid expenses	88	86
Other current assets	123	72
Total current assets	28,106	22,917
Property, software, and equipment, net	131	146
Goodwill	100	100
Intangible assets, net	21	25
Non-current held-to-maturity investments	165	0
Non-current prepaid expenses	6	17
Other non-current assets	131	132
Total assets	28,660	23,337
Current liabilities:
Accounts payable and accrued expenses	236	185
Payables to users	5,111	4,701
Securities loaned	2,982	1,834
User cryptocurrencies safeguarding obligation	11,503	8,431
Fractional shares repurchase obligation	1,409	997
Other current liabilities	115	105
Total current liabilities	21,356	16,253
Other non-current liabilities	117	128
Total liabilities	21,473	16,381
Commitments and contingencies (Note 16)
Stockholders’ equity:
Preferred stock, $0.0001 par value. 210,000,000 shares authorized, no shares issued and outstanding as of December 31, 2022 and June 30, 2023.	0	0
Additional paid-in capital	12,581	11,861
Accumulated other comprehensive income (loss)	(3)	0
Accumulated deficit	(5,391)	(4,905)
Total stockholders’ equity	7,187	6,956
Total liabilities and stockholders’ equity	28,660	23,337
Common Class A
Stockholders’ equity:
Common stock, value	0	0
Common Class B
Stockholders’ equity:
Common stock, value	0	0
Common Class C
Stockholders’ equity:
Common stock, value	$ 0	$ 0