Cryptocurrency

FTX selects GameStop as retail partner in the US

GameStop has unveiled a new partnership with FTX US aimed at introducing customers to “the FTX community and marketplace for digital assets.” press release.

According to the press release, select GameStop retailers accept FTX gift cards, adding that they are “FTX’s preferred retail partner in the US.”

Financial details of the partnership were not disclosed in the press statement.

CNBC report Losses increased to $108 million in the second quarter ended July 30, while the video game, consumer electronics and gaming merchandise retailer had total video game sales of $1.1 billion. decreased to $40 million.

Meanwhile, GameStop’s share price jumped about 10% following the news of the new partnership.

GameStop has attempted to steer its business into the web3 space by introducing a digital asset wallet that allows users to send and receive cryptocurrencies and NFTs. The company also launched his NFT Marketplace project on July 11th.

GameStop has also been affected by the current economic climate, as they laid off staff “to save the company.”

An article about FTX choosing GameStop as its US retail partner first appeared on CryptoSlate.

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