Iran crypto volume drops 80% but infrastructure remains stable

Iranian cryptocurrency trading volume has plummeted by 80% following airstrikes by the U.S. and Israel, but market infrastructure remains operational, The Block reported, citing data from TRM Labs. While Elliptic raised concerns about potential large-scale capital flight—noting that outflows from Iranian exchange Nobitex surged 700% to approximately $3 million after the attacks—TRM Labs assessed the activity as being within routine levels.