A Chainalysis report found that Iranians turned to cryptocurrency as a means to preserve wealth, amid economic instability and restrictive controls, driving a 70% surge in exchange outflows reaching $4.2 billion in 2024

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Crypto outflows from Iranian platforms surged to $4.2 billion as a result — up 70% year-over-year

The increasing use of Iranian crypto exchanges suggests that more individuals and institutions are resorting to crypto to safeguard wealth and circumvent financial restrictions,” Chainalysis said

Many individuals and businesses in these regions turn to cryptocurrency to preserve wealth, move funds across borders, and circumvent government-imposed financial controls — an adaptation we have identified in Iran

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