In a surprising move, the popular gaming retailer GameStop has announced that it is ceasing cryptocurrency trading after just one year of offering the service. The decision to end the service was made in order to focus on its core gaming business.

GameStop first began offering cryptocurrency trading in February 2020, allowing customers to buy and sell Bitcoin, Ethereum, and Litecoin. The service was offered through a partnership with the digital asset platform, Coinbase. The move was seen as an effort to capitalize on the growing popularity of cryptocurrencies and to provide customers with a convenient way to buy and sell digital assets.

However, after just one year of offering the service, GameStop has decided to end its cryptocurrency trading operations. The company cited its focus on its core gaming business as the reason for the decision. GameStop stated that it believes that its core gaming business is the best way to drive long-term value for its shareholders.

The decision to end cryptocurrency trading has been met with mixed reactions from customers. Some customers are disappointed that the service is being discontinued, while others are supportive of the decision.

GameStop’s decision to cease cryptocurrency trading after just one year is an interesting one. It shows that the company is focused on its core gaming business and is not willing to take risks with new ventures. While some customers may be disappointed by the decision, it is likely that GameStop will continue to focus on its core business and continue to be a leader in the gaming industry.