Toronto, Canada, is home to the second largest bitcoin exchange in the world, Bitstamp.
But its market capitalisation has fallen below $50 billion.
In response to a question about the decline, the exchange’s co-founder and CEO Peter Smith said the company was “looking to expand”.
Smith said: “We see the bitcoin market as a massive opportunity.
We want to help people understand what bitcoin is and how it works.”
People have come to us with questions about the bitcoin and what it can be used for.
We have lots of ideas about how to make it better.
“Bitstamp currently trades around $20,000 on the exchange.
Smith said they are looking to expand to more cities in the coming months.
Bitcoin was introduced in 2009 and has gained notoriety since its inception.
Smith has previously said that bitcoin could become the “gold standard” of payment in the future, and said he had met people who had used bitcoin in a variety of ways.
The exchange has also been criticized for the “sneaky” way it has marketed itself to people wanting to trade bitcoin for goods.
Smith has previously stated that the company is looking to offer a “federally licensed and regulated” exchange, and to set up a “global marketplace for bitcoin”.
Bitcoins are an electronic cryptocurrency that can be purchased through websites such as MtGox and other exchanges.
Its creator, Satoshi Nakamoto, created it as a digital form of currency in 2009.
While bitcoin has become a hot commodity in recent years, it has also attracted criticism for being volatile, a currency that can fluctuate wildly in value.