CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 4,611	$ 4,835
Cash and cash equivalents segregated under federal and other regulations	5,547	4,448
Receivables from brokers, dealers, and clearing organizations	139	89
Receivables from users, net	5,546	3,495
Securities borrowed	3,704	1,602
Deposits with clearing organizations	464	338
Asset related to user cryptocurrencies safeguarding obligation	19,456	14,708
User-held fractional shares	2,201	1,592
Held-to-maturity investments	527	413
Prepaid expenses	86	63
Deferred customer match incentives	73	11
Other current assets	251	196
Total current assets	42,605	31,790
Property, software, and equipment, net	133	120
Goodwill	179	175
Intangible assets, net	39	48
Non-current held-to-maturity investments	0	73
Non-current deferred customer match incentives	159	19
Other non-current assets	130	107
Total assets	43,245	32,332
Current liabilities:
Accounts payable and accrued expenses	443	384
Payables to users	6,264	5,097
Securities loaned	7,306	3,547
User cryptocurrencies safeguarding obligation	19,456	14,708
Fractional shares repurchase obligation	2,201	1,592
Other current liabilities	288	217
Total current liabilities	35,958	25,545
Other non-current liabilities	79	91
Total liabilities	36,037	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 September 30, 2024.	0	0
Additional paid-in capital	12,158	12,145
Accumulated other comprehensive income (loss)	1	(3)
Accumulated deficit	(4,951)	(5,446)
Total stockholders’ equity	7,208	6,696
Total liabilities and stockholders’ equity	43,245	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