GameStop To Discontinue Crypto Wallet Operations; Here's Why
Also Read: Shibarium Lead Developer Hints Key Partner as New Era Approaches advertisement Interestingly, Bloomberg reported that the company had not mention any statistics or updates about the crypto wallet business of the NFT marketplace. This indicates that the retailer had been contemplating on wrapping up the crypto wallet business, considering the high uncertainty around regulation in the industry. In recent times, Binance and Coinbase, which are the biggest names in the Crypto Market ecosystem were targeted in anti-crypto enforcement actions by the U.S. Securities and Exchange Commission (SEC). GameStop Crypto Wallet Shut Down According to the company’s website, the GameStop iOS and Chrome extension crypto wallets will be removed on November 1, 2023. However, the retailer is yet to explain further on the ‘regulatory uncertainty’ reason for discontinuing the service. Meanwhile, the GameStop Corp stock price took a 2.5% drop on Tue...