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GameStop to End FTX.US Ties, Refund Customers
GameStop customers with FTX gift cards will be given refunds.
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.
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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
Michael Bellusci
Michael Bellusci is a former CoinDesk crypto reporter. Previously he covered stocks for Bloomberg. He has no significant crypto holdings.
