CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 4,835	$ 6,339
Cash segregated under federal and other regulations	4,448	2,995
Receivables from brokers, dealers, and clearing organizations	89	76
Receivables from users, net	3,495	3,218
Securities borrowed	1,602	517
Deposits with clearing organizations	338	186
Asset related to user cryptocurrencies safeguarding obligation	14,708	8,431
User-held fractional shares	1,592	997
Held-to-maturity investments	413	0
Prepaid expenses	63	86
Other current assets	207	72
Total current assets	31,790	22,917
Property, software, and equipment, net	120	146
Goodwill	175	100
Intangible assets, net	48	25
Non-current held-to-maturity investments	73	0
Non-current prepaid expenses	4	17
Other non-current assets	122	132
Total assets	32,332	23,337
Current liabilities:
Accounts payable and accrued expenses	384	185
Payables to users	5,097	4,701
Securities loaned	3,547	1,834
User cryptocurrencies safeguarding obligation	14,708	8,431
Fractional shares repurchase obligation	1,592	997
Other current liabilities	217	105
Total current liabilities	25,545	16,253
Other non-current liabilities	91	128
Total liabilities	25,636	16,381
Commitments and contingencies (Note 17)
Stockholders’ equity:
Preferred stock, $0.0001 par value. 210,000,000 shares authorized, no shares issued and outstanding as of December 31, 2022; and December 31, 2023.	0	0
Additional paid-in capital	12,145	11,861
Accumulated other comprehensive income (loss)	(3)	0
Accumulated deficit	(5,446)	(4,905)
Total stockholders’ equity	6,696	6,956
Total liabilities and stockholders’ equity	32,332	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