v3.26.1
Accounts Receivable, Net - Schedule of Allowance for Transaction Losses (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Accounts Receivable, Allowance for Credit Loss [Roll Forward]        
Beginning Balance $ 24,753 $ 11,300 $ 16,307 $ 10,268
Provision for credit losses 17,142 3,553 27,323 7,683
Write-offs (19,243) (2,549) (31,653) (5,647)
Recoveries and reversals of write-offs 1,773   12,448  
Ending Balance 24,425 12,304 24,425 12,304
Accrued interest receivable included in write-offs 0   100  
Retail receivables        
Accounts Receivable, Allowance for Credit Loss [Roll Forward]        
Beginning Balance 14,026 4,209 9,238 3,780
Provision for credit losses 2,026 1,583 4,330 2,888
Write-offs (10,102) (653) (17,991) (1,529)
Recoveries and reversals of write-offs 399   10,772  
Ending Balance 6,349 5,139 6,349 5,139
Custody fees receivable        
Accounts Receivable, Allowance for Credit Loss [Roll Forward]        
Beginning Balance 0 0 0 0
Provision for credit losses 0 0 0 0
Write-offs (13) 0 (13) 0
Recoveries and reversals of write-offs 13   13  
Ending Balance 0 0 0 0
Staking fees receivable        
Accounts Receivable, Allowance for Credit Loss [Roll Forward]        
Beginning Balance 0 0 0 0
Provision for credit losses 1,235 44 1,080 165
Write-offs (2,343) (44) (2,490) (165)
Recoveries and reversals of write-offs 1,108   1,410  
Ending Balance 0 0 0 0
Credit card receivables        
Accounts Receivable, Allowance for Credit Loss [Roll Forward]        
Beginning Balance 10,727 7,081 7,069 6,563
Provision for credit losses 13,056 1,704 20,791 4,231
Write-offs (5,707) (1,816) (9,784) (3,825)
Recoveries and reversals of write-offs 0   0  
Ending Balance 18,076 6,969 18,076 6,969
Accrued interest receivable included in write-offs   100   300
Discrete fraud reserves included in provision for (reversal of) credit losses     4,100  
Other fees receivable        
Accounts Receivable, Allowance for Credit Loss [Roll Forward]        
Beginning Balance 0 10 0 (75)
Provision for credit losses 825 222 1,122 399
Write-offs (1,078) (36) (1,375) (128)
Recoveries and reversals of write-offs 253   253  
Ending Balance $ 0 $ 196 $ 0 $ 196