Most Iranian Traders Use Domestic Crypto Exchanges

The CEO of an Iranian cryptocurrency exchange claims that domestic platforms account for the majority of transactions by traders in the country. 
"Iranians’ daily crypto transactions is estimated between 30 and 50 trillion rials ($181 million), while there is no regulation over trade in cryptocurrencies…More than 88% of the deals are conducted via local exchange platforms," Hamed Mirzaei, the CEO of Bitestan, was quoted as saying by Peyvast magazine. 
"This amount is higher than capital market transactions, indicating Iranians' growing interest in investing in cryptocurrencies," he said. "An estimated seven to 12 million Iranians own cryptocurrencies."