v3.25.2
COLLATERALIZED ARRANGEMENTS AND FINANCING - Summary of Prime Financing Lending Arrangements (Details) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Loan receivables    
Fiat loan receivables $ 750,237 $ 382,751
Crypto asset loan receivables 53,129 92,619
Total loan receivables 803,366 475,370
Customer loans not meeting recognition criteria    
USDC $ 75,436 $ 168,795