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Finance

GameStop to End FTX.US Ties, Refund Customers

GameStop customers with FTX gift cards will be given refunds.

By Michael Bellusci
AccessTimeIconNov 11, 2022 at 10:19 p.m. UTC
Updated May 9, 2023 at 4:02 a.m. UTC
NEW YORK - NEW YORK - MARCH 23: GameStop sign on GameStop at 6th Avenue on March 23, 2021 in New York. GameStop stocks falls more than 10% after the video game store showing strong earnings but lower than expected. (Photo by John Smith/VIEWpress)

GameStop sign on GameStop at 6th Avenue on March 23, 2021 in New York. (John Smith/VIEWpress)

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Video game retailer GameStop (GME) plans to end its relationship and its pilot gift card marketing partnership with FTX.US, after the crypto exchange filed for bankruptcy protection.

GameStop, one of the key players in the meme-stock craze 18 months ago, said in a tweet Friday that it will be giving refunds to any impacted customers.

The two firms announced their partnership in September to promote interaction between the gaming and crypto community, and said certain GameStop stores would carry FTX gift cards. Shares of GameStop was up about 5% on Friday.

Read more: GameStop Partners With Crypto Exchange FTX.US to Boost Digital Asset Adoption

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Michael Bellusci

Michael Bellusci is CoinDesk's crypto reporter focused on public companies and digital asset firms.

Follow @mikeybellusci on Twitter

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