CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 4,524	$ 4,835
Cash, cash equivalents, and securities segregated under federal and other regulations	4,584	4,448
Receivables from brokers, dealers, and clearing organizations	149	89
Receivables from users, net	5,040	3,495
Securities borrowed	2,217	1,602
Deposits with clearing organizations	551	338
Asset related to user cryptocurrencies safeguarding obligation	20,643	14,708
User-held fractional shares	2,011	1,592
Held-to-maturity investments	503	413
Prepaid expenses	65	63
Deferred customer match incentives	67	11
Other current assets	352	196
Total current assets	40,706	31,790
Property, software, and equipment, net	123	120
Goodwill	179	175
Intangible assets, net	45	48
Non-current held-to-maturity investments	2	73
Non-current deferred customer match incentives	159	19
Other non-current assets	132	107
Total assets	41,346	32,332
Current liabilities:
Accounts payable and accrued expenses	386	384
Payables to users	5,789	5,097
Securities loaned	5,091	3,547
User cryptocurrencies safeguarding obligation	20,643	14,708
Fractional shares repurchase obligation	2,011	1,592
Other current liabilities	220	217
Total current liabilities	34,140	25,545
Other non-current liabilities	84	91
Total liabilities	34,224	25,636
Commitments and contingencies (Note 14)
Stockholders’ equity:
Preferred stock, $0.0001 par value. 210,000,000 shares authorized, no shares issued and outstanding as of December 31, 2023 and June 30, 2024.	0	0
Additional paid-in capital	12,223	12,145
Accumulated other comprehensive loss	0	(3)
Accumulated deficit	(5,101)	(5,446)
Total stockholders’ equity	7,122	6,696
Total liabilities and stockholders’ equity	41,346	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