Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 85

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 85
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 with greater financial and other resources, and our business, operating results, and financial condition may be adversely affected if we are unable to respond to our competitors effectively. The digital assets industry is highly innovative, rapidly evolving, and characterized by healthy competition, experimentation, changing customer needs, frequent introductions of new products and services, and subject to uncertain and evolving industry and regulatory requirements. We expect competition to further intensify in the future as existing and new competitors introduce new products or enhance existing products. We compete against a number of companies operating both within the United States and abroad, and both those that focus on traditional financial services and those that focus on Bitcoin -basedservices. Our main competition falls into the following categories: •traditional financial firms that have entered the Bitcoin market in recent years and offer overlapping features targeted at our customers; •financial technology providers that do not focus on Bitcoin and may attempt to position themselves as a safer alternative to our products and services; •mobile payment companies; and •companies focused on the Bitcoin market, some of whom choose to operate outside of local rules and regulations or in jurisdictions with less stringent local rules and regulations and are potentially able to more quickly adapt to trends and to develop new Bitcoin -basedproducts and services due to a different standard of regulatory scrutiny. Many innovative start -upcompanies and larger companies have made, and continue to make, significant investments in research and development, and we expect these companies to continue to develop similar or potentially superior products and technologies that compete with our products. Further, more traditional financial and non -financialservices businesses may choose to offer Bitcoin -basedservices in the future as the industry gains adoption. Our current and potential competitors may establish cooperative relationships among themselves or with third parties that may further enhance their resources. Our existing competitors have, and our potential competitors are expected to have, various competitive advantages over us, such as: •the ability to offer products and services that we do not support or offer on our platform (due to constraints from regulatory authorities, our banking partners, and other factors) such as digital assets that constitute securities or derivative instruments under U.S. or foreign laws; 46 •greater name recognition, longer operating histories, larger customer bases, and larger market shares; •larger sales and marketing budgets and organizations; •more established marketing, banking, and compliance relationships; •greater customer support resources; •greater resources to make acquisitions; •lower labor, compliance, risk mitigation, and research and development costs; •larger and more mature intellectual property portfolios; •greater number of applicable licenses or