v3.25.2
DERIVATIVES - Schedule of Company’s Derivatives Portfolio (Details) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Derivative [Line Items]    
Notional Amounts $ 6,647,277 $ 5,769,802
Derivative Assets 134,907 207,653
Derivative Liabilities (86,364) (165,858)
Digital Assets    
Derivative [Line Items]    
Notional Amounts 3,877,580 4,685,112
Derivative Assets 116,830 185,208
Derivative Liabilities (70,805) (145,493)
Foreign currencies    
Derivative [Line Items]    
Notional Amounts 199,068 19,259
Derivative Assets 14,651 12,064
Derivative Liabilities (10,303) (10,483)
Equity securities    
Derivative [Line Items]    
Notional Amounts 374,332 1,049,846
Derivative Assets 3,051 10,343
Derivative Liabilities (4,359) (9,683)
Interest rates    
Derivative [Line Items]    
Notional Amounts 603,854 5,002
Derivative Assets 69 19
Derivative Liabilities (798) (13)
Commodities    
Derivative [Line Items]    
Notional Amounts 1,592,443 10,583
Derivative Assets 306 19
Derivative Liabilities (99) (186)
Digital assets receivable    
Derivative [Line Items]    
Notional Amounts 7,311 3,911
Derivative Assets 6,065 60,720
Derivative Liabilities 0 0
Embedded derivatives — Digital assets borrowed    
Derivative [Line Items]    
Notional Amounts 2,674,612 1,269,013
Derivative Assets 70,057 24,039
Derivative Liabilities (240,379) (252,635)
Embedded derivatives — Collateral payable    
Derivative [Line Items]    
Notional Amounts 1,675,907 1,219,247
Derivative Assets 64,223 55,848
Derivative Liabilities $ (231,868) (161,261)
Embedded derivatives — Notes payable    
Derivative [Line Items]    
Notional Amounts   847,500
Derivative Assets   0
Derivative Liabilities   $ (136,192)