Iran’s leading cryptocurrency exchange, Nobitex, has reportedly processed trades worth millions on Tron (CRYPTO: TRX) and BNB Chain (CRYPTO: BNB) since the beginning of the war, according to a report published on Monday.
Tron, Binance Used As Conduits?
Since the Iran war started in late February, cryptocurrency worth at least $22.6 million has moved through Nobitex on BNB Chain, and at least $550,000 has moved via Tron, Reuters reported.
Further analysis indicated that, from January 2023 onward, Nobitex—widely used by sanctioned Iranian institutions as well as ordinary citizens—processed in excess of $2 billion on the Tron network and approximately $317 million on the BNB Chain.
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