GameStop has entered into yet another partnership with a premium cryptocurrency company.
GameStop Corp. today announced that it has entered into a partnership with FTX US.
The partnership is intended to introduce more GameStop customers to FTX’s community and its marketplaces for digital assets. In addition to collaborating with FTX on new e-commerce and online marketing initiatives, GameStop will begin carrying FTX gift cards in select stores.
During the term of the partnership, GameStop will be FTX’s preferred retail partner in the United States.
The financial terms of the partnership are not being disclosed.
What is FTX?
FTX Exchange is a leading centralized cryptocurrency exchange specializing in derivatives and leveraged products.
Founded in 2018 by MIT graduate and former Jane Street Capital international exchange-traded funds trader Sam Bankman-Fried, FTX offers a range of trading products, including derivatives, options, volatility products, and leveraged tokens.
FTX’s wide range of products and easy-to-use desktop and mobile trading apps draw crypto investors of all skill levels, from beginners to seasoned professionals or, in crypto jargon, from newbies to whales. The FTX platform offers a comprehensive range of order types, from basic market orders to more complex trailing stop orders.
FTX also provides spot markets in over 100 cryptocurrency trading pairs such as BTC/USDT, ETH/USDT, XRP/USDT, and its native token FTT/USDT.
JOIN GMEDD.COM’S OFFICIAL DISCORD SERVER TO CHAT ABOUT THIS ARTICLE, GAMESTOP’S TRANSFORMATION, AND MORE.
CONSIDER DONATING TO SUPPORT RESEARCH AND BUY OUR CONTRIBUTORS A COFFEE
Sources: GameStop News Room
November 11, 2022 Editorial Update: GameStop is cutting ties with FTX after the crypto exchange filed for bankruptcy. GameStop announced the company would be providing refunds for FTX gift cards.
6 thoughts on “GameStop Forms Partnership With US-Regulated Crypto Exchange FTX”
Joe Mamr says:
Hilarious this was literally nothing more than GME offering FTX gift cards in store.
Jo Blow says:
Ryan Cohen is either a financial terrorists piece of shit and this was all scam where he and his cohort’s tricked retail and used the fraud market to steal or he’s a dumbass or a he’s a genius.
It’s been almost 2 years and GS hasn’t doesn’t squat. The SMRT team clearly uses hype and tries to trick investors in to thinking something is going to happen when nothing happens. This is baiting investors and is underhanded(it was really bad at the start). The reddit channels are all full of shills, bots, and clearly controlled with the mods intentionally trying to drive activity down. WTF happened to DFV? All this was clearly planed far before the sneeze and either was to trap retail or to try and trap the other financial terrorists.
All of us that trusted RC and now are holding bags, just as he sold BBBY when we trusted he was going to do something. Either he got in over his head not realizing the corruption and financial terrorist was as bad as it is or is part of it or, possibly, has set it up so he(not necessarily retail) can’t lose.
Something definitely is going on. I hope RC is actually trying to stop the financial terrorists. Clearly the entire financial and political system is a fraud and nothing but criminals.
It’s possible that RC and his buddies bought up the entire outstanding back when GME was < 10$. Then it was cheap. Maybe he had several of his rich friends all buy close to 10% but not over so they wouldn't have to report it. Hence if they actually own the SO already there is no way for the shorters to win. If they short GME down too 1$ a share it just makes it worse. This is all guessing.
Whatever the hell is going on, it's insane. I still trust RC but it does piss me off that it seems they are doing nothing and does make me think he's screwed me. Why? Because either 1. He's only doing this so he can enrich himself and he'll wait as long as it takes even if that means retail gets fucked. 2. The longer he waits the more retail will leave. This screws a lot of people and many will sell at a loss and be worse off. He clearly hyped up things and made it seem things would happen(as did DFV which I think was hired by RC and probably a friend. If RC didn't plan any of this out then he's a dumbass and too rich for his own good… even though he made some $$$ he doesn't deserve it because I've seen GS actually not do anything respectable business wise(the NFT marketplace, currently, is shit).
If I were trying to take down the corrupt financial system I definitely would be doing things differently. Either RC is trying to bait the shorters as much as possible trying to make them think he doesn't have a clue(when he has the winning hand) or he's part of them(even if he's just dumb he's still helping them inadvertently). I'll trust RC until it is obvious. I got in knowing I could lose… but if RC is a crook then America is doomed(it's doomed anyways but RC and GME stood as a way to fight back).
All the hype pretty much is gone and was either mainly fake or many people left and/or are zen(I can't imagine and never thought retail was the main players). All the forums were clearly heavily manipulated too push fomo when the price was high and FUD when low but even that has died out a bit.
RC says actions speak louder than words… I see no real action to protect investors. GME price still being manipulated to hell. I've held all this time hoping it would be the last time they would be able to drive GME down but nope. I really hope RC is just playing like a dumbass and baiting these financial terrorists and is going to annihilate them. Currently it's just a dream with no attachment to reality.
Think it might be time to take down the embarrass “FTX Partnership” since:
1. All it was was selling gift cards
2. FTX is BK
A new article should be made showing a few things about FTX.
1. FTX token for GME had more money go though it then VISA all of 2022.
2. GME lost 50,000,000 on the FTX scam.
3. Explain how FTX was a scam and harmed us as investors.
Andre Salazar says:
Well, this aged nicely.
Came here to say exactly that