Iran's cryptocurrency trading volume plummets by 80%, but infrastructure remains stable

CycleProphet · 2026-03-03T05:16:15+00:00

Iran's cryptocurrency trading volume dropped 80% on March 3 due to joint military actions by the US and Israel, but major exchanges are still operating normally. TRM Labs pointed out that this reflects "mechanical access restrictions" and remains cautious about claims of capital outflows. The geopolitical situation remains tense.

CycleProphet

2026-03-03 05:16:15

Abstract generation in progress

Deep Tide TechFlow News, March 3rd, according to the latest report from blockchain analytics firm TRM Labs, following joint military actions by the US and Israel, Iran’s cryptocurrency trading volume has plummeted by approximately 80%. Despite the significant decline in trading volume, Iran’s major cryptocurrency exchanges remain operational with “manageable risks.” The Central Bank of Iran has instructed key platforms, including Nobitex, Wallex, and Tabdeal, to suspend USDT-Rial trading pairs.

TRM Labs believes that the current trading data mainly reflects “mechanical access restrictions” rather than a collapse of market infrastructure, and remains cautious about claims of capital flight, which contrasts with Elliptic’s earlier report of a 700% surge in Nobitex fund outflows. On February 28th, the US and Israeli coalition launched strikes against Iran, resulting in the assassination of the country’s top leader, Khamenei, with geopolitical tensions continuing to escalate.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.