diff --git a/src/komodo_defs.h b/src/komodo_defs.h
index 9377ea276..31dde4a24 100644
--- a/src/komodo_defs.h
+++ b/src/komodo_defs.h
@@ -85,5 +85,6 @@ int tx_height( const uint256 &hash );
 extern std::vector<std::string> vWhiteListAddress;
 void komodo_netevent(std::vector<uint8_t> payload);
 int32_t komodo_priceind(char *symbol);
+void komodo_pricesinit();
 
 #endif
diff --git a/src/komodo_gateway.h b/src/komodo_gateway.h
index 9afc9845c..2098d30c2 100644
--- a/src/komodo_gateway.h
+++ b/src/komodo_gateway.h
@@ -2526,3 +2526,19 @@ int64_t komodo_pricesmoothed(int64_t *correlated,int32_t cskip,int64_t *rawprice
     return(price);
 }
 
+void komodo_pricesinit()
+{
+    FILE *fp; char symbol[65]; int32_t i;
+    boost::filesystem::path pricefname,pricesdir = GetDataDir() / "prices";
+    if (!boost::filesystem::exists(pricesdir))
+    {
+        boost::filesystem::create_directories(pricesdir);
+        for (i=0; i<KOMODO_MAXPRICES; i++)
+        {
+            if ( komodo_pricename(symbol,i) == 0 )
+                break;
+            pricefname = pricesdir / symbol;
+            fp = fopen(pricefname.string().c_str(), "wb+");
+        }
+    }
+}
diff --git a/src/komodo_utils.h b/src/komodo_utils.h
index 043d7282e..700615ee1 100644
--- a/src/komodo_utils.h
+++ b/src/komodo_utils.h
@@ -2082,6 +2082,7 @@ void komodo_args(char *argv0)
                         extralen += symbol.size();
                     }
                 }
+                komodo_pricesinit();
                 komodo_cbopretupdate(1); // will set Mineropret
                 fprintf(stderr,"This blockchain uses data produced from CoinDesk Bitcoin Price Index\n");
             }