A place for theoretical discussions about GameStop stock ($GME). Opinions and memes welcome. Suspected crypto coin scams such as the "Superstonk" coin and "DumbMoney" crypto coin (with the symbol "$GME") have nothing to do with GameStop stock. None of this is financial advice.
GameStop Forms Partnership with FTX
📰 News
Sort by:
Best
Open comment sort options
Best
Top
New
Controversial
Old
Q&A
![r/jailbreak - [news] multicast_bytecopy working on A10](https://b.thumbs.redditmedia.com/nf1iSq4lYRFh1iK6HE3G_6WV6sw2EAu2HtuNuU4dCRE.jpg)
Approving this manually because it was caught up with the qvbot.
Someone tell me who this is so I can be excited!
Edit: from the press release:
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 ecommerce 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.
They are the official crypto exchange of MLB I can tell you that much. Their logos are all over every MLB broadcast, on umpire's uniforms, commercials, etc...
Edit: guess who else is partnered with FTX? IEX
They just hired the former VP of Warner Bros gaming after he left that job right after they released a DC universe NFT/Physical card hybrid CCG, akin to Finestone leaving Loopring and joining GameStop. I believe they are going heavy into NFT gaming and using DC as one of the big IP’s.
Btw they’re a crypto exchange and GameStop will sell ftx gift cards now. No more bank declining payments for crypto or your state not supporting, just go cash -> crypto with ftx gift cards at GameStop
Dude this is genius.
I actually didn’t realize this. That actually is a huge deal!
I could see WBD embracing web3 but there’s a lot of shit they need to figure out before expanding into it, IMO, unless they want to repeat the same cycle WB has been in for what feels like a decade
That also means an offramp too right?? If so that is a BIG deal. 🚀🚀
i think so...
Goodbye Coinbase, hello local GameStop store.
My monthly BTC DCA will now be done via a visit to the nearest GameStop.
You can just say BTC
—> The on ramp for the mainstream. You nailed it.
They're copying how Roblox incentivized gaming spending with Robux giftcards, it gives kids something they can ask for a present in a way that parents/grandparents can understand to deliver it. Brilliant.
Quick edit: I'm well aware that Roblox is not the first gaming company to do this, they are just the immediate one that came to my mind. I've spent a fortune on LoL giftcards for Riotpoints.
FTX has their hands in everything, FTX arena - Miami heat and multiple eSports teams. They're definitely advertising heavily in areas that crypto has already got a toe in (gambling, internet/games, NBA has lots of crypto involvement eg. Mavs/Voyager).
I believe they also handle some securities trading on their app? I haven't used them much but they are trying to be an exchange for more than just crypto last I knew.
Comment deleted by user
If GameStop is partnering with FTX who already tokenizes stocks and has their hands in everything, how do they work together without stepping on each other's toes?
FTX also has their hands on Robbing the hood?
On May 12, 2022, it was revealed that Emergent Fidelity Technologies Ltd., which is majority owned by Bankman-Fried, had bought 7.6% of Robbinghood Markets Inc. stock.[18][19]
Source : https://en.m.wikipedia.org/wiki/Sam_Bankman-Fried
They sponsor my favorite Formula 1 team (Mercedes) just downloaded the app 😌
Let’s see what’s to come of this partnership!
Hence the Boston Gmerica
Hence the Boston Creme pie?
Creampie gangbang In Boston?
Ima cum
Beat ya to it!
I’m here to say this is bullish. It’s a crypto exchange
GET FUCKING HYPE!!!
If he's hyped so am i !!
And if you’re hyped so am I !!
Hype makes me DRS, hype harder!!
OOK# #OOK# #LOUD NOISES#
FTX was founded by Sam Bankman-Fried. He is one of the biggest names in the crypto space. Maybe you’ve seen ads on TV with the likes of Tom Brady, Steph Curry and others. This is probably nothing.
Ex Citadel guy is President of US FTX…
And Citadel is a primary investor. And Sequoia.
https://www.reddit.com/r/Superstonk/comments/wdzlf8/who_are_ftx_capital_markets_llc_and_why_citadel/
A lot of ex citadel employees f’in hate citadel
It’s almost like they wanted someone knowledgeable on market making working for them. This is crypto, you can’t create phantom assets…remember?
The shills are sure out pointing to a former Citadel employee at FTX…it’s almost like Citadel is a major firm that people shuffle through.
laughs in Dave Lauer
Thank you!! no on talking about this.
Dave lauer is also ex-Citadel. So, calm your tits
Seems like more of a marketing/promo things vs joint venture. Found this post from a month ago
https://www.reddit.com/r/Superstonk/comments/wdzlf8/who_are_ftx_capital_markets_llc_and_why_citadel/
I personally don’t know much about SBF but a lot of people on crypto twitter were angry with him at the beginning of the crash for profiting from the liqs of other institutions. He gets memed on a lot too lol
FTX : Fuck The eXchanges
Two Words: TOKENIZED STOCKS
Per wikipedia: "...As of February 2022, the exchange averages $10 billion of daily trading volume..."
Do you know if they internalize orders or execute on the open market?
They partner with IEX and claim no PFOF.
Sounds good. IEX has a good team afaik
Nice! Getting involved with the community right away 🚀 keep the decentralization coming
They’re the second largest crypto exchange on earth.
I to am in the dark I feel I should be excited but I don't know
FTX is an exchange, not as big as binance or coinbase but big and very reliable, Bullish...🚀🚀🚀🚀
NFT divvy? 🥺👉👈
What would that matter? Just take GameStop private soldier and drs your shares
Yeeeeees this is great!
Bullish ASF 🚀🚀🚀
What is FTX ?
It is a crypto exchange with stock trading launching in October. Its primary investors are Sequoia Capital and Citadel Securities.
Here is my DD I posted last quarter.
Edit: Correction. FTX Stocks is already live. Citadel has plans for PFOF-free market making of crypto and securities OTC in October/by EOY.
Ahead of the curve I see😉... Your post is about to blow up
And imagine how easy on ramp off ramp could be made with ftx.
Also imagine how ftx can facilitate layer swaps and make it as easy as possible to fund GameStop wallets.
And whatever they are planning together.
Also, have loopring or eth on layer2? Don't even need to convert it to USD to buy at the GameStop stores 💕 use the card
We need an FTX DD. This did not make sense to me.
I want to know more how Loopring ties in. Fucking provocative
I dont think GS cares too much about on/off are, because the thought will be to just transfer your crypto to the LRC wallet to "be your own bank". Myself and many others like me, won't be using banks after moass, or atleast very infrequently. Why let the banks win if you can buy most things using crypto 🤷♂️
There's already a layerswap solution called layerswap.
Well, that’s a twist I didn’t see coming. Citadel now has a vested interest in GameStop succeeding.
edit - keep in mind one of the more popular theories around here is a complete re-do of the entire system. <TFH>What if Shitadel is poising to nuke the old system, pay us out, AND be the first big bad player in the new system, making up for their losses many times over - even after MOASS?</TFH>
What the goddamn fuck timeline are we in
Keep your friends close and your enemies closer??
I don't get this at all?
A spicy twist, agreed. Citadel and Sequoia, I feel like we're missing a big piece of the puzzle.
Partner up to pull out once more truths are revealed? (Political strategy to kick someone’s legs out from under them). “We don’t partner with immoral organizations.” ~
Edit: grammar
OR Citadel defaults on everything and GME gets FTX
... Are we the baddies?! 🥺
Nah, I see this more like Vader throwing Palpatine down the shaft at the end. Still bad, but if Shitadel kicks off MOASS themselves, well...they did one good thing.
edit - keep in mind one of the more popular theories around here is a complete re-do of the entire system. <TFH>What if Shitadel is poising to nuke the old system, pay us out, AND be the first big bad player in the new system, making up for their losses many times over - even after MOASS?</TFH>
Its a good chess move.
Playing both sides
Would Citadel have known that FTX was making this partnership? Or did Kenny just wake up and go wtf?
"COFFEE! NOW! EXTRA MAYO!"
I’m confused about this partnership
Could be that Citadel saw the writing on the wall and bought and/or bullied their way into a partnership with FTX so that they stay relevant and, they hope, remain in a position of power.
They dump their shit on pension funds. Cap the max price of gme. Then go long on the future. I think
Looking forward to your updated FTX DD now
So what about those primary investors? Seems a bit odd doesnt it?
So how is this good? Sequoia and citadel are big investors? Is this a loophole for them to escape? Are they not actually enemies? Have they turned on DTC and the he Fed? I don’t get this at all.
Seriously , someone explain
Me again. While today's announcement shocked me. It makes sense. It validates GameStop as ahead of the curve for the future of web3 gaming.
FTX US is not Kenny's company. They and Sequoia have partnered with Paradigm, who happens to be one of the biggest Series A investors (the partnership with Paradigm was announced pretty much at the same time). The big players (Kenny ain't stupid) are investing in crypto. Citadel Securities wants to make markets with crypto, off-exchange. This is a strong, correlating move.
This is genius. Make shorting GameStop, essentially shorting your own exchange. This shifts short incentives. They may just want to transition to a net long position, which makes sense. We did see them setting up pensions to hold their bags. If they have even more incentive to go long, that only strengthens GameStop. I hope more pensioners catch wind of all this and go long too. It really will be up to many of us, especially when, to fix the problems SHF will cause.
Holy shit! You may be onto something you crazy ape
That is certainly a curveball, will be interesting to follow this
what if they'll support GME stock trading?
This is seven shades of fucked up. What?!
Cryptocurrency trading platform I think
Mmmm how does Gamestop profits from this partnership ??
Official offramp for it's marketplace for one
If they are the off ramp they do on fees
Like % per transaction
dime resolute modern gaping march salt ad hoc flowery station advise
This post was mass deleted and anonymized with Redact
I'm going to need you to do a DD on this question.
Dug up some iOS and Android app links for FTX, if anyone is interested:
iOS: https://apps.apple.com/us/app/ftx-buy-sell-crypto/id1095564685
Android: https://play.google.com/store/apps/details?id=com.blockfolio.blockfolio
RIP Coinbase
WTF I love FTX now.
No but seriously, this is huge. They've burst on the crypto scene relatively recently and do big marketing during sporting events with ads featuring Steph Curry.
This is BULLISH!
Doesn't FTX do tokenized stocks?
It would seem so.
I've never used FTX. I've stuck with Coinbase for my crypto needs since I'm not a fan of doing KYC all over the place. Although now I might reconsider to help the cause lol.
Seems to me... that GME is already tokenized.
https://ftx.com/trade/GME/USD
Yeah gme has been a token on FTX for over a year now
HOLY FUCK THAT'S COOL. This means we have a concrete reason to advocate for crypto regulation that benefits individual investors.
"You cannot trade tokenized stocks on FTX from any of the banned jurisdictions, including the United States. Note that the set of allowed jurisdictions is subject to change."
Sauce: FTX page on tokenized stocks: https://help.ftx.com/hc/en-us/articles/360051229472-Equities
And from another page: "Note: US users cannot trade on FTX, but residents of the United States can trade on FTX.US"
Sauce: https://help.ftx.com/hc/en-us/articles/360042412652-Location-Restrictions-
So you are telling me I can buy GME with my crypto? Hot damn. Sign me up.
Edit: Did some reading and it seems that the fund manager buys GME on the market and holds it to make the derivative product but you don't actually hold GME so you can't DRS or vote so I'm now less excited by this.
OH SHIT. Shorts r so fuk
Not really a good thing, bet you ftx doesn't buy shares to back the tokens. Also, doesn't ftx share office space with Stevie Cohen?
GMERICA TOKEN CONFERM!
https://help.ftx.com/hc/en-us/articles/360051229472-Tokenized-Stocks
https://ftx.com/tokenized-stocks
Thought I was the only one
They also sponsor Mercedes AMG F1 team. That ain’t a small feat.
That’s where I have seen it…. I was trying to place it. Thanks!
Damn didn’t know that but this ape is right!!! ⬆️
Correct me if I’m wrong but wasn’t there DD floating around connecting mayo man to FTX ???
Remind me! 11 hours
https://www.reddit.com/r/Superstonk/comments/uob6z9/ftx_bails_out_robinhood_buys_76_ftx_connected_to/
WTF IS THIS SHIT THEY EVEN TALK ABOUT THE LUNA CRASH
this is actually massive, the worlds biggest crypto entity (could be exaggerated) partnered with our company
Even if they are #5 that's awesome
1 in my book but thank u
Well yeah but I'm just saying
I was being serious thank u I didn’t know
how do they compare to coinbase?
a crypto entity with a very large liquidity base
Confused. Is this signaling buying/trading/earning crypto on the GME marketplace via FTX?
I'm a fucking idiot when it comes to crypto, would greatly appreciate some insight if anyone has some to offer.
Seems like this has something to do with tokenized securities, aka stocks in crypto form, aka the actual use case for nfts
So I could buy stocks in crypto through Gamestop marketplaces?
If so does that mean it's preparation for NFT dividend?
It would probably be separate from the gaming nft marketplace, but yes and yes (if the theory's true)
“GME will be FTX preferred retail partner in the US” Probably nothing
"Crypto exchange FTX partnering with a dying brick and mortar retailer"
Since FTX has MLB license they could use GME as a license retail channel in the future.
They these guys? https://www.reddit.com/r/Superstonk/comments/uob6z9/ftx_bails_out_robinhood_buys_76_ftx_connected_to/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button
Wait… WHAT? I really don’t understand, because that sounds and awful lot like FTX are bad guys
Welcome to capitalism baybeeeee
They are. Citadel Securities is a major investor.
Are we sure? I’m going to need some sources on this.
Yes. The owner is just throwing money at everything. Nothing major concern tbh
You talking about these guys? https://www.reddit.com/r/Superstonk/comments/uob6z9/ftx_bails_out_robinhood_buys_76_ftx_connected_to/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button
This is a valid issue to bring up. I know why this is being downvoted, but this needs to be discussed.
Thia sounds like an off ramp solution?
Explain more pls?
players have digital assets in their GameStop wallet that they can sell on GameStop's NFT marketplace for loopring layer 2 Ethereum.
an off-ramp is a service that trades / converts the cryptocurrency into fiat currency for example USD.
What's better is that with FTX they could use cryto to buy stocks.
Boom. seamless ecosystem between equities and digital property. honestly huge
Earn crypto by unlocking and selling digital assets in game on NFT marketplace. Convert crypto for real money using off-ramp.
Look at me now mom, I'm a pro gamer.
Hmm. Isn't FTX the one that has a tokenized GME stock for trade on their website?
yes. they started it back in february 2021..
but i would prefer a nft-stock, not just an iou tokenized stock..
People should also know that the team runnig/owning FTX are heavy in keeping stablecoins afloat. Which really seems to have its shadow workings. Apart from the this new token stuff, they have a ton of ETF knowledge. I wouldn't cheer too soon 👀🤔🤷🏻
Not all stablecoins are created equal. We all know Tether is an egg roll full of dogshit dipped in gutter oil, but there are some like USDC that do back appropriately with real assets. The basic idea of stablecoins, to ride out market swings without incurring a cash out event, is reasonable.
If that is true, I’m gonna need to call a doctor four hours from now.
Give it 5 just for the funsies
Comment removed by moderator
They also got into some hot water with some of their marketing regarding their platform being FDIC insured, which was alleged to be misrepresentative since cryptocurrency is not an insured asset.
Yeah I want a lot more detail on this. My curiosity is through the roof now
That’s what I remember too so I’m a bit confused but I trust the board we currently have and this supports crypto dividend theories and such so overall BULLISH.
Trust them to make good business decisions. Morality wise, we'll, this is capitalism.
Ehm is it this FTX. Please say it isn't
https://www.reddit.com/r/Superstonk/comments/uob6z9/ftx_bails_out_robinhood_buys_76_ftx_connected_to/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button
Ehhh
I remember seeing a connection between FTX and Citadel as well
It's labeled as speculation?
Yeh get the word out, Don't like that one bit.
this is a good thing. RC just flipped the script on citadel. This major partnership means that GME doing well is also very good for FTX. So now there is a dilemma for citadel, maintaining a bearish/short position on GME is hard to explain when citadel is on of the primary investors in FTX since GME failing would not be god for FTX.
That is truly 4D Chess, wow. Pressure on all fronts.
Can we please get eyes on this comment and confirm if there is a connection with citadel?
Serious question: Smooth monkey brained here but I remember reading something awhile back that FTX and Shitadel had connections…anyone else recall or remember where that came from? I don’t remember it being super credible DD, maybe speculation by that OP but I was surprised when I heard about FTX on the call.
Yupp. A few of the higher comments have the linked DD
So it sounds like GameStop is the official retailer of FTX. Wonder if that means you will be able to purchase a gift card and use that card to load up money on the exchange, and they will have an easy on-ramp onto the GameStop wallet? Or better yet, maybe you purchase an ftx gift card, open the GameStop wallet, select load gift card, and ftx deposits the corresponding ETH in your wallet (which you can use in the marketplace).
I used to be a part of a crypto team and one of the most challenging aspects of crypto is converting dollars (fiat) to crypto. Exchanges make the process much easier.
I'VE GOT A BIG FAT GORILLA BONER!!!!
🍆🦍
👁👄👁
🎷🐓♋️
Boner for these guys? https://www.reddit.com/r/Superstonk/comments/uob6z9/ftx_bails_out_robinhood_buys_76_ftx_connected_to/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button
I remember seeing FTX in here before, time for some SuperStonk sub digging!
https://www.reddit.com/r/Superstonk/comments/uob6z9/ftx_bails_out_robinhood_buys_76_ftx_connected_to/
Isnt FTX owned by citadel or something?
🐇
🕳️
Comment removed by moderator
not op but
https://investor.gamestop.com/news-releases/news-release-details/gamestop-forms-partnership-ftx
Same company that just bailed out Robinhood?
Is this FTX the same one founded by Sam Bankman-Fried?
The same guy that was involved with Alameda Research?
The same research that was embroiled and accused of helping destabilize and depeg Luna stable coin?
The same Luna coin that had a Citadel insider release a paper about how he would depeg Luna?
How interesting GameStop would partner up like this... I wonder who was involved in this meeting and how that was conducted. So many questions..
Citadel insider quits to join Luna, a month before it collapsed bankrupting Millions of users - https://www.disruptionbanking.com/2022/05/17/i-took-a-huge-pay-cut-to-join-terra-weeks-before-it-went-to-zero/
Interesting link - https://www.reddit.com/r/Superstonk/comments/uq91pc/did_citadel_have_a_part_in_ustluna_collapse/?utm_medium=android_app&utm_source=share
yes i vaguely remember this DD
https://twitter.com/MrBenLilly/status/1536192875104456705
i don't trust SBF/FTX as far as i can throw them. but they are one of the biggest names in defi
Citadel is one of the biggest market makers of stock, just saying. Also don't trust either of them
FTX crypto exchange partnering with a startup technology company with an NFT marketplace
I am confused. It says FTX is a “centralized exchange”. I am a smooth brain, is it not better to be on a decentralized exchange?
Most large exchanges are centralized still.
Sooooo can GameStop release an NFT dividend on this?
!remindme!1hour
Welp, found this. Not exactly excited about this.
https://www.reddit.com/r/Superstonk/comments/wdzlf8/who_are_ftx_capital_markets_llc_and_why_citadel/
same lol
This is the news that should be at the freaking TOP! LFG!!!
Another 30 something billionaire who knows the market is rigged? 🌶
This was predicted weeks or months ago. Well done apes!
Bullish holy shit
so you can but FTX giftcards in Gamestop stores? Amazing!!!
It's the same FTX that partnered with TSM (the esports org), right?
Doesn’t FTX have investors like Citadel? Oof…
Whatever it is good or bad with shitadel apes will dig and find out
Not a FUD post
but isn't SBF kind of sus? all that shit going down with Alameda, Celsius and Tether, etc
Whoop whoop!
I like it!