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GameStop to dump cryptocurrency wallet support

The retailer's decision was attributed to "the regulatory uncertainty of the crypto space"

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GameStop will be ending its support of cryptocurrency wallets.

As reported by Bloomberg, the decision is a rollback of a crypto push led by company chairman Ryan Cohen.

In the announcement, GameStop said, "Due to the regulatory uncertainty of the crypto space, GameStop has decided to remove its iOS and Chrome Extension wallets from the market on November 1, 2023."

The news comes a year after the company unveiled its NFT marketplace.

Changes to cryptocurrency support have not been the only shifts GameStop has seen recently.

Near the end of July, it was announced that CFO Diana Saadeh-Jajeh would resign on August 11; she held the role for just over a year.

A month prior, GameStop's board of directors terminated CEO Matt Furlong and has not named a replacement.

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Jeffrey Rousseau avatar

Jeffrey Rousseau

Staff Writer

Jeffrey Rousseau joined GamesIndustry.biz in March 2021. Based in Florida, his work focused on the intersectionality of games and media. He enjoys reading, podcasts, staying informed, and learning how people are tackling issues.