CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 4,717	$ 4,835
Cash, cash equivalents, and securities segregated under federal and other regulations	4,521	4,448
Receivables from brokers, dealers, and clearing organizations	207	89
Receivables from users, net	4,303	3,495
Securities borrowed	2,107	1,602
Deposits with clearing organizations	585	338
Asset related to user cryptocurrencies safeguarding obligation	26,223	14,708
User-held fractional shares	1,975	1,592
Held-to-maturity investments	495	413
Prepaid expenses	64	63
Other current assets	348	207
Total current assets	45,545	31,790
Property, software, and equipment, net	122	120
Goodwill	175	175
Intangible assets, net	46	48
Non-current held-to-maturity investments	10	73
Other Assets, Noncurrent	190	126
Total assets	46,088	32,332
Current liabilities:
Accounts payable and accrued expenses	351	384
Payables to users	6,074	5,097
Securities loaned	4,215	3,547
User cryptocurrencies safeguarding obligation	26,223	14,708
Fractional shares repurchase obligation	1,975	1,592
Other current liabilities	275	217
Total current liabilities	39,113	25,545
Other non-current liabilities	90	91
Total liabilities	39,203	25,636
Commitments and contingencies (Note 13)
Stockholders’ equity:
Preferred stock, $0.0001 par value. 210,000,000 shares authorized, no shares issued and outstanding as of December 31, 2023 and March 31, 2024.	0	0
Additional paid-in capital	12,176	12,145
Accumulated other comprehensive loss	(2)	(3)
Accumulated deficit	(5,289)	(5,446)
Total stockholders’ equity	6,885	6,696
Total liabilities and stockholders’ equity	46,088	32,332
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