REVENUE (Tables)

12 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

Schedule of Revenue Disaggregated by Revenue Source

The following table presents our revenues disaggregated by revenue source:

	Year Ended December 31,
(in millions)	2021		2022		2023
Transaction-based revenues:
Options	$	690	$	488	$	505
Cryptocurrencies	420		202		135
Equities	287		117		104
Other	5		7		41
Total transaction-based revenues	1,402		814		785
Net interest revenues:
Interest on corporate cash and investments	1		103		288
Margin interest	132		177		243
Interest on segregated cash and cash equivalents and deposits	4		57		210
Cash Sweep	3		22		123
Securities lending, net	136		89		79
Credit card, net	—		—		9
Interest expenses related to credit facilities	(20)		(24)		(23)
Total net interest revenues	256		424		929
Other revenues	157		120		151
Total net revenues	$	1,815	$	1,358	$	1,865

Schedule of Interest Revenue Earned and Interest Expense Paid from Fully-paid Securities Lending

The following table presents interest revenue earned and interest expense paid from Fully-Paid Securities Lending:

	Year Ended  December 31,
(in millions)	2022		2023
Interest revenue	$	11	$	44
Interest expense	(2)		(7)
Fully-Paid Securities Lending, net	$	9	$	37

Schedule of Contract Receivables and Liabilities Balances

The table below sets forth contract receivables and liabilities balances for the periods indicated:

	December 31, 2022
(in millions)	Contract Receivables		Contract Liabilities
Beginning of the period, January 1, 2022	$	83	$	3
End of the period, December 31, 2022	60		3
Changes during the period	$	(23)	$	—

	December 31, 2023
(in millions)	Contract Receivables		Contract Liabilities
Beginning of period, January 1, 2023	$	60	$	3
End of period, December 31, 2023	87		4
Changes during the period	$	27	$	1