Altcoins News
By Sydney TheCMO
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Weekend strikes on Iran crushed local crypto trading volumes by 80% as authorities slammed internet restrictions across the country.
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The attacks triggered massive connectivity drops - internet access plunged 99% due to severe government restrictions that pretty much mirrored what happened during earlier…
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Nobitex operations came under scrutiny when reports surfaced about an extra $3 million in transactions on February 28, but sources said these were internal treasury moves rather…
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Iran's Central Bank made a critical move by ordering exchanges including Nobitex, Wallex, Bitpin, and Tabdeal to temporarily suspend trading in the USDT-toman pair.
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TRM Labs thinks Iranian-linked wallets have processed around $11 billion in crypto since 2025. That puts Iran among the bigger national markets by on-chain volume.
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On March 2, Nobitex issued a statement urging users to exercise caution when trading due to the volatile environment.
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Amid internet restrictions, Iranian citizens increasingly turned to peer-to-peer networks to continue trading crypto assets.
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As the situation evolves, Iran's crypto market remains in flux. Geopolitical tensions and domestic policy measures continue challenging local exchanges' resilience.
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On March 3, 2026, the Iranian Parliament convened a special session to discuss the economic implications of the ongoing conflict and its impact on cryptocurrency markets.
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On March 1, Bitpin's CEO Mohammad Reza Ghaffari assured users the exchange is actively working to resolve these challenges and urged patience as the situation evolves.
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In a related development, several Iranian tech companies have begun advocating for increased investment in domestic internet infrastructure to prevent future disruptions.
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So far, no clear timeline for when normal trading might resume.
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The crypto market disruption extends beyond Iran's borders, with regional exchanges in Turkey and the UAE reporting unusual spikes in Iranian user registrations during the…
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Iran's crypto mining sector, which generates an estimated $1 billion annually in revenue, also faced severe disruptions as power grid instabilities affected major facilities in…
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