Nobitex Processed $2.3B Through Tron and BNB Chain Since Early 2023, Reuters Reports

According to Reuters, Iranian crypto exchange Nobitex processed more than $2.3 billion through the Tron and BNB Chain networks since early 2023 while Tehran faced Western sanctions pressure. Blockchain analytics firms Arkham and Elliptic showed the exchange relied on both networks to move funds outside traditional banking systems.

Researchers also identified that Iran's Central Bank transferred more than $500 million in Tether stablecoin through the Tron network between late 2024 and mid-2025, with part of those funds flowing through Nobitex. In April 2026, more than $344 million connected to Iranian-linked addresses on Tron was frozen. Reuters found no evidence that Trump or his family knew how Nobitex users were utilizing the networks.