11:54 - 13.03.2026

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March 13, Fineko/abc.az. After the U.S. and Israeli strikes on Iran on February 28, the volume of withdrawals from cryptocurrency exchanges operating in the country increased dramatically.

ABC.AZ informs that in the period from February 28 to March 2, crypto assets for approx. $10.3 million were withdrawn from Iranian crypto exchanges. After the strikes, the hourly withdrawal volume in individual hours approached $2 million, which is 873% higher than the average in 2026.

The analysis shows that nearly 60% of the withdrawn funds are stored in users' personal crypto wallets, and more than 27% have been transferred to foreign crypto exchanges.

Analysts note that because of U.S. sanctions, Iran has limited access to global crypto exchanges, so users mostly use local platforms. For this reason, in such situations, funds are usually transferred from crypto exchanges operating in Iran to personal wallets or to foreign platforms.

According to the study, some wallets had transactional connections with accounts linked to the IRGC (SEPAH). Analysts note that this dynamic repeats the previous growth trend of blockchain operations during periods of geopolitical tension in Iran's crypto ecosystem of around $7.8 billion.