Iran’s Crypto Economy Slumps 11% Amid Geopolitical Tensions

Iran’s cryptocurrency market experienced a significant decline in the first seven months of 2025, dropping nearly 11%, to $3.7 billion in trade volume. The decline is attributed to a combination of geopolitical tensions, cyberattacks, and restrictions on stablecoins. A major factor was the June breach of Nobitex, Iran’s largest cryptocurrency exchange, which resulted in the loss of $90 million worth of assets.