Nobitex saw a 700% surge in outflow trading volume within minutes of the first US-Israeli airstrikes on Iran.

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According to Elliptic, Nobitex, Iran's largest crypto exchage, saw a 700% surge in outflow trading volume within minutes of the first US-Israeli airstrikes on Iran, suspected to be capital flight bypassing the traditional banking system. Nobitex processed $7.2 billion in cryptocurrency transactions in 2025, boasts over 11 million users, and has ties to financial activities linked to the Iranian Revolutionary Guard; in January, the central bank allegedly used it to support the rial's exchange rate.

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