Currency exchange sites have been scrambling to cope with the rise in demand for crypto currencies and a global financial crisis.
A currency exchange website has announced plans to change the way it works to handle these transactions.
The exchange will offer an option to sell currencies at the price of the crypto currency in place.
A user will be able to sell one currency for $100, and the other $50.
The company said that this will help them to focus on more profitable markets such as international payments.
Bitcoin prices have spiked by more than 10,000% in the past 24 hours, and cryptocurrency exchange sites such as Bitfinex and Coinfloor have seen a spike in traffic as well.
The exchanges have been struggling to get users to trade the crypto currencies they are now seeing, however, as well as getting more customers to use their services.
With such a large amount of demand, the exchange said it was “not a problem” that the price would drop.
“If you are going to trade, it is a good idea to have a reasonable amount of volume and be able do it at a reasonable price,” the exchange stated in a statement.
“However, we will be working hard to get the price up.”
The exchange said that the changes would be rolled out over the next few weeks.
BitfineX has been trading at a price of $1,895.30 since Monday.
Coinfloor has been in the same price range for nearly three weeks.
The Bitfinext exchange has seen an average of 7,500 new orders per hour for its cryptocurrency exchange.
CoinDesk will continue to monitor these developments as the market continues to react to this crisis.