v3.22.4
REVENUE (Tables)
 12 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
Schedule of disaggregated revenue by source
The following table presents revenue of the Company disaggregated by revenue source (in thousands):
Year Ended December 31,
202220212020
Net revenue
Transaction revenue
Consumer, net$2,236,900  $6,490,992 $1,040,246 
Institutional, net119,344 346,274 55,928 
Total transaction revenue2,356,244 6,837,266 1,096,174 
Subscription and services revenue
Blockchain rewards275,507 223,055 10,413 
Custodial fee revenue79,847 136,293 18,561 
Interest income326,956 25,835 5,535 
Other subscription and services revenue(1)
110,261 132,304 10,484 
Total subscription and services revenue792,571 517,487 44,993 
Total net revenue3,148,815 7,354,753 1,141,167 
Other revenue
Crypto asset sales revenue625 482,550 133,688 
Corporate interest and other income44,768 2,141 2,626 
Total other revenue45,393 484,691 136,314 
Total revenue$3,194,208 $7,839,444 $1,277,481 
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(1)During the third quarter of 2022, the Company rebranded the “Earn” campaign to the “Learning Rewards” campaign. $17.7 million of Learning Rewards revenue is included within other subscription and services revenue for the year ended December 31, 2022. $63.1 million and $7.7 million of Learning Rewards revenue has been reclassified from its own line item to other subscription and services revenue for the years ended December 31, 2021 and 2020 , respectively, to conform to the current period presentation.
Schedule of revenues disaggregated by geography
In the table below are the revenues disaggregated by geography, based on domicile of the customers or booking location, as applicable (in thousands):
Year Ended December 31,
202220212020
United States$2,684,425 $6,339,270 $966,153 
Rest of the world(1)
509,783 1,500,174 311,328 
     Total revenue$3,194,208 $7,839,444 $1,277,481 
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(1)No other individual country accounted for more than 10% of total revenue.