Nobidex launches first decentralized crypto exchange in Iran amid sanctions
As businesses in Iran seek new ways to bypass sanctions , the country has welcomed a de centralized crypto exchange and a non-custodial crypto wallet. According to TRM Labs, a blockchain intelligence company, Iran’s largest centralized crypto exchange , Nobitex launched two de centralized finance services in August 2023: Nobidex, a de centralized crypto exchange , and Locket Wallet, a non-custodial crypto wallet, in an effort to evade sanctions imposed against the country in response to the nuclear program. Nobidex currently supports only the Arbitrum sidechain, offering trading pairs such as WBTC/USDT, LINK/USDC, ARB/USDT, WETH/USDT and WETH/USDC. However, the exchange is expected to support other blockchain networks such as Ethereum (ETH), BNB Chain (formerly Binance Smart Chain), Polygon (MATIC), Tron (TRX), and others. You might also like: Nobitex and Tron dominated Iran trading volumes in 2022 TRM Labs notes that users can access the platform without g...