The Currency analytics
By Sydney TheCMO
Weekend strikes on Iran crushed local crypto trading volumes by 80% as authorities slammed internet restrictions across the country.
The attacks triggered massive connectivity drops - internet access plunged 99% due to severe government restrictions that pretty much mirrored what happened during earlier…
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…
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.
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.
On March 2, Nobitex issued a statement urging users to exercise caution when trading due to the volatile environment.
Amid internet restrictions, Iranian citizens increasingly turned to peer-to-peer networks to continue trading crypto assets.
As the situation evolves, Iran's crypto market remains in flux. Geopolitical tensions and domestic policy measures continue challenging local exchanges' resilience.
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.
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.
In a related development, several Iranian tech companies have begun advocating for increased investment in domestic internet infrastructure to prevent future disruptions.
So far, no clear timeline for when normal trading might resume.
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…
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…