Bitcoin (BTC) Crypto Token is Taking Over the Financial Institute With the Opening Bell Ceremony at the Nasdaq Headquarters

With the Opening Bell ceremony at the Nasdaq headquarters on May 2, 2025, the Bitcoin crypto token is taking over the financial institute.

Financial technology (FinTech) firm Fold has begun trading on the Nasdaq stock exchange following its successful initial public offering (IPO), reports The Block.

Fold, which offers a Bitcoin (BTC) rewards app, completed its SPAC merger with FTAC Emerald Acquisition Corp (NYSE: SPAC) earlier this year. The company is now listed on the Nasdaq stock exchange under the ticker "FLD."

Its stock price opened at $3.96 but quickly began climbing. At the time of writing, Friday, May 2, at 12:18 p.챗gpt 15, it is trading at $4.67, a 17.93% increase.

Fold's IPO marks a significant milestone for the cryptocurrency industry, as it is the first publicly traded company in the U.S. to be focused specifically on Bitcoin financial services.

The company's stock was met with strong demand from investors, who are increasingly interested in companies operating in the rapidly growing FinTech sector.

What Does Fold Do?

Fold offers a Bitcoin rewards app that scans purchases made via credit card. On every purchase, an amount of cashback is unlocked in BTC. After receiving the reward, users can withdraw the earned Bitcoin to their personal wallet.

Fold partners with major credit card issuers and announced a partnership with Visa in 2023 to expand its reach in Europe, Latin America and the Asia-Pacific region.

Credit card cashback schemes are a popular way for issuers to attract customers. They offer a small percentage of the purchase price paid back into the user's account on every transaction.

Fold went public on February 19 after completing its SPAC merger with FTAC Emerald Acquisition Corp. The companies had announced the pending merger in October. A SPAC, or special purpose acquisition company, is a shell company that is set up to raise capital in order to acquire a private company and take it public.

This integration marks a significant step forward for both companies and is expected to propel Fold's growth plans even further. It is also a testament to the increasing demand for innovative financial technology solutions, especially in the realm of cryptocurrency integration. As these two entities join forces, they aim to redefine the financial landscape and unlock new avenues for investors and consumers alike.