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Chain Analysis reported that after the US-Israeli airstrikes on February 28, 2026, Iranian cryptocurrency platforms saw a sharp increase in outflows.
Between February 28 and March 2, 2026, outflows from trading platforms amounting to approximately $10.3 million in digital assets were recorded.
Why is this important:
- This jump reflects previous trends where digital cash trading volumes and chain activity in Iran typically spike during major geopolitical events and internal unrest.
- Chen Analysis mentioned earlier To digital currencies It has become a “tool of resistance” for many Iranians.
the details:
- Chen’s analysis Register Hourly flows approached or exceeded $2 million after the February 28 airstrikes.
- I also mentioned a blockchain analytics company Elliptical The largest cryptocurrency platform in Iran, Nubitex, has seen a 700% increase in the volume of outgoing transactions.
- Recent flows originate from several major platforms in Iran, and include transfers ranging from small amounts to those exceeding $1 million, indicating the presence of many types of participants.
- Funds flowed to major offshore platforms, local Iranian platforms, and “other” unspecified portfolios.
- A likely explanation is that individual users transfer money from… central platforms to Self-contained wallets to protect against potential volatility and restrictions.
- Another explanation is The creation of the platforms To redistribute liquidity to hide the identity of portfolios and reduce exposure to penalties.
- Finally, there is a third possibility: actors linked to the state use local trading platforms to evade sanctions, make cross-border transactions, or launder money in view of tense geopolitical conditions.
The bigger picture:
- The cryptocurrency market in Iran has seen a strong growth in 2025 Compared to the previous yearreaching $7.78 billion.
- Tensions between the United States, Israel and Iran have continued to rise in recent days.
