Company:Nobitex
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| Industry | Cryptocurrency |
|---|---|
| Founded | 2017 |
| Headquarters | Iran |
| Website | nobitex |
Nobitex (Persian: نوبیتکس) is Iran's largest cryptocurrency exchange. 87% of all funds, domestic and international, that transferred in Iranian exchanges in 2022 - equivalent to US$2.6 billion were processed and transferred at Nobitex.[1]
TRM Labs' research found that crypto exchanges were a major force in the Iranian crypto market. Nobitex processed 87% of all trading volume; this amounted to around $2.6 billion in transaction volumes in 2022.[2] According to data examined by US-based blockchain Research center "Chainalysis", a significant amount of money transferred between Nobitex and other exchanges was conducted through Binance.[3]
One of the first seven searches of Iranians in 2021 was Nobitex login.[4]
Nobitex and Binance
Reuters published a report claiming that the leading crypto exchange Binance had processed $7.8 billion worth of transactions from Iranian firms since 2018, despite US financial sanctions.[5] Reuters' claims in its report highlight two main issues: financial transferred between Nobitex and Binance, and Nobitex's role in evading U.S. sanctions against Iran.
Nobitex refuted the claims, claiming that the format in which the statistics were presented was "misleading". Regarding the second claim that they played a role in evading sanctions, Nobitex defended its stance, announced that these claims are related to the activity of users within the Nobitex platform.[6]
See also
- List of companies of Iran
- Economy of Iran
References
- ↑ "Iran's Crypto Economy | TRM Insights" (in en). https://www.trmlabs.com/post/iran-crypto-economy#:~:text=Iranian%20Crypto%20Adoption,,%20Aban%20Tether,%20and%20Bit24..
- ↑ "Iran's Crypto Economy | TRM Insights" (in en). https://www.trmlabs.com/post/iran-crypto-economy#:~:text=Iranian%20Crypto%20Adoption,,%20Aban%20Tether,%20and%20Bit24..
- ↑ "Binance says crypto moved through platform from 'bad actors' in Iran" (in en). 2022-11-05. https://english.alarabiya.net/News/middle-east/2022/11/05/Binance-says-crypto-moved-through-platform-from-bad-actors-in-Iran-.
- ↑ financialtribune (2021-12-24). "Iranians' Top Trending Queries on Google Search Engine in 2021" (in En). https://financialtribune.com/articles/sci-tech/111745/iranians-top-trending-queries-on-google-search-engine-in-2021.
- ↑ Berwick, Angus; Wilson, Tom; Berwick, Angus; Wilson, Tom (2022-11-07). "Crypto exchange Binance helped Iranian firms trade $8 billion despite sanctions" (in en). Reuters. https://www.reuters.com/business/finance/exclusive-crypto-exchange-binance-helped-iranian-firms-trade-8-billion-despite-2022-11-04/ .
- ↑ "Nobitex responded to the Reuters report regarding the relationship with Binance" (in en). 2022-11-06. https://www.en.eghtesadonline.com/Section-iran-business-69/36737-nobitex-responded-to-the-reuters-report-regarding-the-relationship-with-binance.
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