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

DeepFlowTech · 2026-03-03T05:13:23+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.

DeepFlowTech

2026-03-03 05:13:23

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Deep Tide TechFlow News, March 3rd, reports that 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 risk” levels. 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 they are cautious about claims of capital flight. This contrasts with Elliptic’s earlier report of a 700% surge in Nobitex fund outflows. On February 28th, the US and Israel launched strikes against Iran, resulting in the assassination of the country’s top leader, Khamenei, and geopolitical tensions remain high.

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