v3.24.0.1
CUSTOMER FUNDS (Tables)
12 Months Ended
Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]  
Assets Underlying Customer Funds
The following table presents the assets underlying customer funds (in thousands):
December 31,
2023
December 31,
2022
Cash$2,137,634 $1,748,983 
Cash equivalents:
Money market funds4,042 851,296 
Reverse repurchase agreement (i)
1,028,754 580,045 
Total customer funds$3,170,430 $3,180,324 

(i) The Company has accounted for the reverse repurchase agreement with a third party as an overnight lending arrangement, collateralized by the securities subject to the repurchase agreement. The Company classifies the amounts due from the counterparty as cash equivalents due to their short term nature.