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Tehran Index is not affiliated with the Tehran Stock Exchange (TSE) and publishes no securities index of its own; exchange closing prices shown for tracked listed companies are public reference data (TSETMC / IFB). Tehran Index publishes independent research: every claim is sourced, every named company is resolved to the registry, and every figure carries its evidence state. It is not investment, legal or compliance advice. Tehran Index covers business, technology and markets only. © 2026 Tehran Index. All rights reserved.

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Companies›Nobitex

Nobitex

Verified
Digital AssetsIndependentIn the registry
Entity IDIR-CO-006
SectorDigital Assets
Founded2017
HQTehran
VerificationVerified
Last reviewed2026-09-15

Cryptocurrency exchange registered in Iran. Tehran Index record: founded 2017, headquartered in Tehran, operating independently of any corporate group.

Doing business with Nobitex? Check who legally owns and runs it: registry identity, capital and current board from the Official Gazette, in English with the Persian source, in three working days for USD 750. Full dossier with audited figures and competitors, USD 3,000. Order a Nobitex registry check · download the Nobitex dossier (PDF, free)

SnapshotMetricsBusinessLeadershipOwnershipTimelineGapsSources
Decision snapshot
Legal entity (Official Gazette notice)
The Official Gazette notice published in gazette 23695 on 3 August 2026 names the company as Rahkar Fanavari Noyan, a private joint stock company, and prints the national identifier and registration number shown in this profile. Nobitex is the brand; that company is the legal operator.
Notice published 3 August 2026Official record
Official Gazette of the Islamic Republic of Iran, legal-notices portal, notice detail ↗ · retrieved 2026-09-15
Headcount as at the 2022 report
Nobitex's annual-report index page prints, against its 2022 report, human capital of 268 people, alongside more than 4.3 million users to 2022 and 94 trading markets. The page's most recent entry, the biennial 2024-2025 report, prints 11.5 million users to the end of 2025, an average market share of 53.5 percent and 360 rial and tether markets. The headcount figure is a 2022 disclosure and is not presented as current.
Headcount as at the company's 2022 annual reportCompany disclosed
Nobitex annual reports index page ↗ · retrieved 2026-09-15
Registered capital
Capital of 1,000,000,000,000 rial (100 billion toman), divided into 800,000 ordinary registered shares of 1,000,000 rial and 200,000 preferred shares of the same nominal value, since the extraordinary general meeting of 18 April 2024 (17 April 2024), raised from 800,000,000,000 rial entirely out of retained earnings and not from cash paid in. Registered capital is a statutory figure, not a valuation.
Capital notice 29 April 2024, published 2 May 2024Official record
Official Gazette legal-notices portal (rrk.ir), capital-increase notice ↗ · retrieved 2026-09-15

Every field carries an explicit evidence state and its source. Self-reported figures are labelled as such; nothing is presented with more certainty than its source supports.

Operating metrics, period-stamped
Crypto withdrawals in a single day, record26 September 2024Company disclosed
More than 180,000
Nobitex biennial report, 2024 and 2025 · retrieved 2026-10-06A count of crypto withdrawal transactions on one day, not their value.
Women's share of users2024Company disclosed
30 per cent
Nobitex biennial report, 2024 and 2025 · retrieved 2026-10-06
Crypto deposits in a single day, record27 September 2024Company disclosed
More than 250,000
Nobitex biennial report, 2024 and 2025 · retrieved 2026-10-06A count of crypto deposit transactions on one day, not their value.
New users in three monthsThree months in summer 2024Company disclosed
More than 2 million
Nobitex biennial report, 2024 and 2025 · retrieved 2026-10-06Sign-ups during the wave of Telegram tokens in summer 2024; the report does not give the exact months.
Digital assets stolen in the security incident18 June 2025Company disclosed
About 100 million dollars
Nobitex biennial report, 2024 and 2025 · retrieved 2026-10-06Stated by the company's deputy for technology: the value of digital assets stolen from its hot wallets on 18 June 2025. The report says the company compensated the loss.
Proof of reserves: crypto held against crypto owed to usersAt 27 January 2026Company disclosed
112 per cent
Nobitex biennial report, 2024 and 2025 · retrieved 2026-10-06Holdings in cold and hot wallets against crypto owed to users, both valued in tether on the assessment date.
Pace of new female user sign-ups, change on the previous year2023 against 2022Company disclosed
Up 50 per cent
Nobitex annual report 2023, covering calendar year 2023 · retrieved 2026-10-06
Women's share of trades on the platformCalendar year 2023Company disclosed
22 per cent
Nobitex annual report 2023, covering calendar year 2023 · retrieved 2026-10-06
Average age of users2023Company disclosed
35.8 years
Nobitex annual report 2023, covering calendar year 2023 · retrieved 2026-10-06
Tether and rial markets listedAt the end of 2023Company disclosed
196
Nobitex annual report 2023, covering calendar year 2023 · retrieved 2026-10-06
Tehran residents who are users2023Company disclosed
More than 10 per cent
Nobitex annual report 2023, covering calendar year 2023 · retrieved 2026-10-06
Usage rate of smart (automated) identity verification2023Company disclosed
80 per cent, up from 15 per cent the year before
Nobitex annual report 2023, covering calendar year 2023 · retrieved 2026-10-06
HeadcountAt the end of 2023Company disclosed
314 people
Nobitex annual report 2023, covering calendar year 2023 · retrieved 2026-10-06
Average wait for a reply in online chat supportCalendar year 2023Company disclosed
69 seconds, 19 seconds faster than the previous year
Nobitex annual report 2023, covering calendar year 2023 · retrieved 2026-10-06
Time from account opening to first crypto trade2023Company disclosed
5 minutes
Nobitex annual report 2023, covering calendar year 2023 · retrieved 2026-10-06
Users under 402023Company disclosed
70 per cent of users
Nobitex annual report 2023, covering calendar year 2023 · retrieved 2026-10-06
Crypto deposits, number ofCalendar year 2021Company disclosed
4,568,940
Nobitex annual report 2021, covering calendar year 2021 · retrieved 2026-10-06The number of crypto deposit transactions, not their value.
Share of trades made in rial marketsCalendar year 2021Company disclosed
89 per cent, against 11 per cent in tether markets
Nobitex annual report 2021, covering calendar year 2021 · retrieved 2026-10-06A share of the number of trades, not of the value traded.
CVs receivedCalendar year 2021Company disclosed
18,816, for 27 job titles
Nobitex annual report 2021, covering calendar year 2021 · retrieved 2026-10-06
HeadcountAt the end of 2022Company disclosed
268 people, up 28 per cent from 209 a year earlier
Nobitex annual report, calendar year 2022 · retrieved 2026-10-06
Website visitsCalendar year 2022Company disclosed
124 million
Nobitex annual report, calendar year 2022 · retrieved 2026-10-06Visits to the website only; app usage is not included.
Women's share of trades2021Company disclosed
19 per cent
Nobitex annual report 2021, covering calendar year 2021 · retrieved 2026-10-06A share of trades made, not of users.
People offered jobsCalendar year 2021Company disclosed
149
Nobitex annual report 2021, covering calendar year 2021 · retrieved 2026-10-06Job offers made during the year in the hiring process.
Orders that resulted in a tradeCalendar year 2022Company disclosed
67,609,992
Nobitex annual report, calendar year 2022 · retrieved 2026-10-06Counts executed orders, not trading value.
Average website visit lengthCalendar year 2022Company disclosed
8 minutes
Nobitex annual report, calendar year 2022 · retrieved 2026-10-06
UsersAt the start of 2021Company disclosed
390,039
Nobitex annual report 2021, covering calendar year 2021 · retrieved 2026-10-06Users at the start of the year, as the report's chart counts them. The 2022 report prints this figure as 390,036.
Average age of users2021Company disclosed
34.8 years
Nobitex annual report 2021, covering calendar year 2021 · retrieved 2026-10-06
Crypto depositsCalendar year 2022Company disclosed
8,698,711 deposits
Nobitex annual report, calendar year 2022 · retrieved 2026-10-06Number of deposit transactions in crypto assets, not their value.
Users, growth during the yearDuring 2021Company disclosed
8.3 times the number at the start of the year
Nobitex annual report 2021, covering calendar year 2021 · retrieved 2026-10-06The chart on the same page states the same rise as 728 per cent.
Orders that resulted in a tradeCalendar year 2021Company disclosed
154,444,718
Nobitex annual report 2021, covering calendar year 2021 · retrieved 2026-10-06Counts orders that were filled, not the value traded.
Users who chatted with support onlineCalendar year 2021Company disclosed
1,330,000
Nobitex annual report 2021, covering calendar year 2021 · retrieved 2026-10-06Users who held an online chat with support during the year, not the number of chats.
Withdrawals, crypto and rial, number ofCalendar year 2021Company disclosed
13,174,298
Nobitex annual report 2021, covering calendar year 2021 · retrieved 2026-10-06Crypto and rial withdrawals combined, counted as transactions.
Headcount, change during the year2021 against 2020Company disclosed
Up 248 per cent, from about 60 at the end of 2020
Nobitex annual report 2021, covering calendar year 2021 · retrieved 2026-10-06
Average age of users2022Company disclosed
35 years
Nobitex annual report, calendar year 2022 · retrieved 2026-10-06
Share of trades in rial marketsCalendar year 2022Company disclosed
90.94 per cent, up from 89 per cent in 2021
Nobitex annual report, calendar year 2022 · retrieved 2026-10-06Share of the number of trades, not of value; the rest were in tether-quoted markets.
Successful trades per day, averageCalendar year 2021Company disclosed
392,000
Nobitex annual report 2021, covering calendar year 2021 · retrieved 2026-10-06A daily average across rial and tether markets together.
Women's share of staff2021Company disclosed
45 per cent
Nobitex annual report 2021, covering calendar year 2021 · retrieved 2026-10-06
UsersAt the end of 2021Company disclosed
3,231,333
Nobitex annual report 2021, covering calendar year 2021 · retrieved 2026-10-06Users at the end of the year, as the report's chart counts them. The 2022 report prints this figure as 3,231,330.
Women's share of users2021Company disclosed
16 per cent
Nobitex annual report 2021, covering calendar year 2021 · retrieved 2026-10-06
Rial depositsCalendar year 2022Company disclosed
6,873,577 deposits
Nobitex annual report, calendar year 2022 · retrieved 2026-10-06Number of deposit transactions in rial, not their value.
Online chat conversations with supportCalendar year 2022Company disclosed
1,272,870
Nobitex annual report, calendar year 2022 · retrieved 2026-10-06
Proof of reserves: rial cash against rial owed to usersAt 27 January 2026Company disclosed
148 per cent
Nobitex biennial report, 2024 and 2025 · retrieved 2026-10-06From a proof-of-reserves certificate issued by official judiciary experts (Tehran province) after the June 2025 hack. A ratio of holdings to amounts owed to users on the assessment date, not a balance.
Rial deposits, number ofCalendar year 2021Company disclosed
13,575,653
Nobitex annual report 2021, covering calendar year 2021 · retrieved 2026-10-06The number of deposit transactions in rial, not their value.
Average wait for a reply in online chat supportBy the end of 2021Company disclosed
65 seconds
Nobitex annual report 2021, covering calendar year 2021 · retrieved 2026-10-06The wait reached by the end of the year, not an average over the whole year.
Users aged 31 to 402021Company disclosed
About 44 per cent of users
Nobitex annual report 2021, covering calendar year 2021 · retrieved 2026-10-06
HeadcountAt the end of 2021Company disclosed
209 people
Nobitex annual report 2021, covering calendar year 2021 · retrieved 2026-10-06Direct employees only.
New registrationsCalendar year 2022Company disclosed
1,087,000 (printed as one million and 87 thousand)
Nobitex annual report, calendar year 2022 · retrieved 2026-10-06People who opened an account during the year; a sign-up count, not active users.
Trades on the busiest day7 February 2022Company disclosed
More than 541,000
Nobitex annual report, calendar year 2022 · retrieved 2026-10-06Peak single day of the year, not a typical day.
UsersAt the end of 2022Company disclosed
4,318,701
Nobitex annual report, calendar year 2022 · retrieved 2026-10-06Users at the end of the year, as the report's chart counts them. It does not say how many were active.
Orders resulting in a trade, daily average, change on the previous year2022 against 2021Company disclosed
Down 56 per cent
Nobitex annual report, calendar year 2022 · retrieved 2026-10-06The report attributes the fall to lower crypto trading volumes in 2022 after a sharp rise in 2021.
Deposits and withdrawals, rial and crypto, number ofCalendar years 2024 and 2025 combinedCompany disclosed
85 million
Nobitex biennial report, 2024 and 2025 · retrieved 2026-10-06A count of transactions, not their value; the same chart puts 2023 at 17 million.
Women's share of users2022Company disclosed
22 per cent, up from 16 per cent the year before
Nobitex annual report, calendar year 2022 · retrieved 2026-10-06Share of users who are women, not of trading activity.
Withdrawals, crypto and rialCalendar year 2022Company disclosed
11,181,488 withdrawals
Nobitex annual report, calendar year 2022 · retrieved 2026-10-06Number of withdrawal transactions, both crypto and rial, not their value.
Orders resulting in a trade, daily averageCalendar year 2022Company disclosed
185,000 (printed as 185 thousand)
Nobitex annual report, calendar year 2022 · retrieved 2026-10-06
Women's share of tradesCalendar year 2022Company disclosed
18.57 per cent
Nobitex annual report, calendar year 2022 · retrieved 2026-10-06Share of trades placed by women, which is lower than their 22 per cent share of users.
Support tickets answeredCalendar year 2022Company disclosed
113,326
Nobitex annual report, calendar year 2022 · retrieved 2026-10-06
Calls from usersCalendar year 2022Company disclosed
198,264
Nobitex annual report, calendar year 2022 · retrieved 2026-10-06
Women's share of users2025Company disclosed
32 per cent
Nobitex biennial report, 2024 and 2025 · retrieved 2026-10-06
Video calls with usersCalendar year 2022Company disclosed
6,588
Nobitex annual report, calendar year 2022 · retrieved 2026-10-06
UsersEnd 2023, 2024 and 2025, per the biennial reportCompany disclosed
Nobitex's biennial report for 2024 and 2025 states that its user count reached 11,490,676 at the end of 2025, up 99.5 percent, from 5,761,427 at the end of 2023 and 10,628,087 at the end of 2024.
Nobitex biennial report 2024 and 2025 ↗ · retrieved 2026-09-15Up from 5.76M (2023), 10.6M (2024). Cited by document and page; the report gives the exact figure rather than the rounded 11.5 million a news post carried.
Market share2024 to 2025 average, as reported July 2026Company disclosed
Nobitex's biennial report for 2024 and 2025 states that the platform held an average 53.5 percent of Iran's crypto market across those two years, with about 46 percent of the remaining share divided among other platforms. The figure is the company's own.
Nobitex biennial report 2024 and 2025 ↗ · retrieved 2026-09-15Remaining ~46% split across 9 other platforms Re-sourced to the report itself 15 September 2026.
Transaction volumeperiod not stated by the sourceThird-party reported
About $11 billion in cryptocurrency processed in total, per a Reuters investigation published 1 May 2026, which does not state the period the total covers. Reuters also reports the exchange claims 11 million users. A "$7.2 billion processed" figure attributed to Reuters appears in a syndicated commentary piece (Yahoo Finance, 27 April 2026) with no stated period or method; Reuters does not print it.
Reuters investigation, "One of Iran's most powerful families founded its largest crypto exchange", 1 May 2026 ↗ · retrieved 2026-09-15TRM Labs separately reported more than $3B for January to July 2025, 87 percent of Iranian-linked volume; Chainalysis puts sanctioned-wallet flows at about $68M and Crystal Intelligence at $22M, per the same Reuters piece.
Orders processed2024 and 2025, per the biennial reportCompany disclosed
Nobitex's biennial report states that its rial and tether markets reached 360 by the end of 2025, 84 percent more than at the end of 2023, and that the platform processed 350 million successful orders across 2024 and 2025 against 68 million previously.
Nobitex biennial report 2024 and 2025 ↗ · retrieved 2026-09-15Up from 68M in 2023
Retail behaviour, company-reported2024 to 2025, as reported July 2026Company disclosed
Nobitex's news post of 22 July 2026 states that the median first deposit by its users is 2.5 million toman and the average order placed is 10 million toman, which it presents as evidence that its use is not confined to large investors.
Nobitex news post summarising its biennial report ↗ · retrieved 2026-09-15The figures are the company's own.
Business model & group
Core products2024 and 2025, per the biennial reportCompany disclosed
Nobitex's biennial report describes its product set for 2024 and 2025: rial and tether spot markets, a lighter interface for newcomers, and crypto-backed lending, with a goods purchase credit service added in the summer of 2024.
Nobitex biennial report 2024 and 2025 ↗ · retrieved 2026-09-15
Leadership
Chief executive, and the founder's move to the chairAppointment reported 25 January 2026Third-party reported
Zoomit reported on 25 January 2026 that Nobitex introduced Ali Khoee as its new managing director, and that Amir Hossein Rad, a co-founder who had been chief executive for the previous seven years, moved to the chairmanship of the board. Citing Nobitex's public relations, it states Khoee joined four years earlier and had held roles including chief product marketing officer and executive vice-president, with earlier capital-market experience including senior risk management at Tamadon Investment Bank. The same report notes Nobitex began operating in 2017-18 and states it has more than 11 million users.
Zoomit, reporting Nobitex's announcement ↗ · retrieved 2026-09-15Correction to initial research: founder Amir Hossein Rad was misidentified as CEO. Rad is chairman and co-founder; Khoee is CEO, independently corroborated by Persian sector press reporting his appointment.
Ownership & capital
Statutory auditors (Official Gazette notice)Meeting of 19 February 2026, notice published 3 August 2026Official record
The same notice records the extraordinary ordinary general meeting of 19 February 2026 appointing Vania Nik Tadbir Institute as principal auditor and Seyed Mehdi Kasaei Far as alternate auditor to the end of the financial year. The notice prints the alternate auditor's personal national code; Tehran Index does not publish personal identifiers and has removed it from the quoted passage, marking the removal.
Official Gazette of the Islamic Republic of Iran, legal-notices portal, notice detail ↗ · retrieved 2026-09-15
Parent or controlling shareholder (not established)Board table read 15 September 2026Official record
No parent or controlling shareholder is established. The gazette board table seats only individuals, with no corporate member: registered managing director Seyed Ali Khoei and chairman Amir Hossein Rad, both with terms to 20 January 2028, Mohammad Farmad as vice chairman, and Amir Hossein Rad recorded as managing director in the earlier term to 25 November 2025. The share register of an Iranian private joint stock company is not public, so the absence of a corporate name on the board is not evidence that none exists.
Official Gazette of the Islamic Republic of Iran, legal-notices portal (rrk.ir), board table ↗ · retrieved 2026-09-15An assertion of independence requires ownership evidence; a registration record shows who is registered, not who controls. This states what the registry shows and what it cannot show.
Legal operator (company about page)About page read 15 September 2026Company disclosed
The company's about page states that the company Rahkar Fanavari Novyan, trading as Nobitex, was formed in summer 2017 (2017-18) to serve Iranian users exchanging digital assets. Nobitex is the brand; that company is the legal operator whose registry identity this profile carries.
Nobitex about page (nobitex.ir/about) ↗ · retrieved 2026-09-15The founding season stated here (summer 1396, 2017-18) is the company's; the registry founding date in this profile rests on its own source. The cited source ties the brand to this legal person in its own words.
Signals & timeline, Nobitex mentions
2026-10-18Nobitex changes USDT-Toman trading hours per regulator2026-10-17Nobitex issues second proof of reserves certificate2026-10-13CBI lifts rial withdrawal limits for Nobitex, Bitpin, Arzinja2026-10-12Central Bank restricts Nobitex and four crypto platforms' banking access2026-10-06Nobitex Tether-Toman Market Restrictions Extended2026-09-29Nobitex launches physical gold delivery service2026-09-18Nobitex to delist seven US tech stock tokens, markets closing 26 September 20262026-08-29Nobitex delists STORJ: deposits halted 30 August, markets close 5 September 2026

From the published signal feed; each record links to its source. All signals →

What we don't know
Not disclosedNot disclosed
Company publishes user/order metrics via annual reports but not financials

Stated gaps are part of the record: in an opaque market, knowing what is NOT publicly established is as decision-relevant as what is.

Source ledger, every field, its evidence
Crypto withdrawals in a single day, recordCompany disclosed26 September 2024
More than 180,000
Nobitex biennial report, 2024 and 2025 · retrieved 2026-10-06retrieved 2026-10-06
Women's share of usersCompany disclosed2024
30 per cent
Nobitex biennial report, 2024 and 2025 · retrieved 2026-10-06retrieved 2026-10-06
Crypto deposits in a single day, recordCompany disclosed27 September 2024
More than 250,000
Nobitex biennial report, 2024 and 2025 · retrieved 2026-10-06retrieved 2026-10-06
New users in three monthsCompany disclosedThree months in summer 2024
More than 2 million
Nobitex biennial report, 2024 and 2025 · retrieved 2026-10-06retrieved 2026-10-06
Digital assets stolen in the security incidentCompany disclosed18 June 2025
About 100 million dollars
Nobitex biennial report, 2024 and 2025 · retrieved 2026-10-06retrieved 2026-10-06
Proof of reserves: crypto held against crypto owed to usersCompany disclosedAt 27 January 2026
112 per cent
Nobitex biennial report, 2024 and 2025 · retrieved 2026-10-06retrieved 2026-10-06
Pace of new female user sign-ups, change on the previous yearCompany disclosed2023 against 2022
Up 50 per cent
Nobitex annual report 2023, covering calendar year 2023 · retrieved 2026-10-06retrieved 2026-10-06
Women's share of trades on the platformCompany disclosedCalendar year 2023
22 per cent
Nobitex annual report 2023, covering calendar year 2023 · retrieved 2026-10-06retrieved 2026-10-06
Average age of usersCompany disclosed2023
35.8 years
Nobitex annual report 2023, covering calendar year 2023 · retrieved 2026-10-06retrieved 2026-10-06
Tether and rial markets listedCompany disclosedAt the end of 2023
196
Nobitex annual report 2023, covering calendar year 2023 · retrieved 2026-10-06retrieved 2026-10-06
Tehran residents who are usersCompany disclosed2023
More than 10 per cent
Nobitex annual report 2023, covering calendar year 2023 · retrieved 2026-10-06retrieved 2026-10-06
Usage rate of smart (automated) identity verificationCompany disclosed2023
80 per cent, up from 15 per cent the year before
Nobitex annual report 2023, covering calendar year 2023 · retrieved 2026-10-06retrieved 2026-10-06
HeadcountCompany disclosedAt the end of 2023
314 people
Nobitex annual report 2023, covering calendar year 2023 · retrieved 2026-10-06retrieved 2026-10-06
Average wait for a reply in online chat supportCompany disclosedCalendar year 2023
69 seconds, 19 seconds faster than the previous year
Nobitex annual report 2023, covering calendar year 2023 · retrieved 2026-10-06retrieved 2026-10-06
Time from account opening to first crypto tradeCompany disclosed2023
5 minutes
Nobitex annual report 2023, covering calendar year 2023 · retrieved 2026-10-06retrieved 2026-10-06
Users under 40Company disclosed2023
70 per cent of users
Nobitex annual report 2023, covering calendar year 2023 · retrieved 2026-10-06retrieved 2026-10-06
Crypto deposits, number ofCompany disclosedCalendar year 2021
4,568,940
Nobitex annual report 2021, covering calendar year 2021 · retrieved 2026-10-06retrieved 2026-10-06
Share of trades made in rial marketsCompany disclosedCalendar year 2021
89 per cent, against 11 per cent in tether markets
Nobitex annual report 2021, covering calendar year 2021 · retrieved 2026-10-06retrieved 2026-10-06
CVs receivedCompany disclosedCalendar year 2021
18,816, for 27 job titles
Nobitex annual report 2021, covering calendar year 2021 · retrieved 2026-10-06retrieved 2026-10-06
HeadcountCompany disclosedAt the end of 2022
268 people, up 28 per cent from 209 a year earlier
Nobitex annual report, calendar year 2022 · retrieved 2026-10-06retrieved 2026-10-06
Website visitsCompany disclosedCalendar year 2022
124 million
Nobitex annual report, calendar year 2022 · retrieved 2026-10-06retrieved 2026-10-06
Women's share of tradesCompany disclosed2021
19 per cent
Nobitex annual report 2021, covering calendar year 2021 · retrieved 2026-10-06retrieved 2026-10-06
People offered jobsCompany disclosedCalendar year 2021
149
Nobitex annual report 2021, covering calendar year 2021 · retrieved 2026-10-06retrieved 2026-10-06
Orders that resulted in a tradeCompany disclosedCalendar year 2022
67,609,992
Nobitex annual report, calendar year 2022 · retrieved 2026-10-06retrieved 2026-10-06
Average website visit lengthCompany disclosedCalendar year 2022
8 minutes
Nobitex annual report, calendar year 2022 · retrieved 2026-10-06retrieved 2026-10-06
UsersCompany disclosedAt the start of 2021
390,039
Nobitex annual report 2021, covering calendar year 2021 · retrieved 2026-10-06retrieved 2026-10-06
Average age of usersCompany disclosed2021
34.8 years
Nobitex annual report 2021, covering calendar year 2021 · retrieved 2026-10-06retrieved 2026-10-06
Crypto depositsCompany disclosedCalendar year 2022
8,698,711 deposits
Nobitex annual report, calendar year 2022 · retrieved 2026-10-06retrieved 2026-10-06
Users, growth during the yearCompany disclosedDuring 2021
8.3 times the number at the start of the year
Nobitex annual report 2021, covering calendar year 2021 · retrieved 2026-10-06retrieved 2026-10-06
Orders that resulted in a tradeCompany disclosedCalendar year 2021
154,444,718
Nobitex annual report 2021, covering calendar year 2021 · retrieved 2026-10-06retrieved 2026-10-06
Users who chatted with support onlineCompany disclosedCalendar year 2021
1,330,000
Nobitex annual report 2021, covering calendar year 2021 · retrieved 2026-10-06retrieved 2026-10-06
Withdrawals, crypto and rial, number ofCompany disclosedCalendar year 2021
13,174,298
Nobitex annual report 2021, covering calendar year 2021 · retrieved 2026-10-06retrieved 2026-10-06
Headcount, change during the yearCompany disclosed2021 against 2020
Up 248 per cent, from about 60 at the end of 2020
Nobitex annual report 2021, covering calendar year 2021 · retrieved 2026-10-06retrieved 2026-10-06
Average age of usersCompany disclosed2022
35 years
Nobitex annual report, calendar year 2022 · retrieved 2026-10-06retrieved 2026-10-06
Share of trades in rial marketsCompany disclosedCalendar year 2022
90.94 per cent, up from 89 per cent in 2021
Nobitex annual report, calendar year 2022 · retrieved 2026-10-06retrieved 2026-10-06
Successful trades per day, averageCompany disclosedCalendar year 2021
392,000
Nobitex annual report 2021, covering calendar year 2021 · retrieved 2026-10-06retrieved 2026-10-06
Women's share of staffCompany disclosed2021
45 per cent
Nobitex annual report 2021, covering calendar year 2021 · retrieved 2026-10-06retrieved 2026-10-06
UsersCompany disclosedAt the end of 2021
3,231,333
Nobitex annual report 2021, covering calendar year 2021 · retrieved 2026-10-06retrieved 2026-10-06
Women's share of usersCompany disclosed2021
16 per cent
Nobitex annual report 2021, covering calendar year 2021 · retrieved 2026-10-06retrieved 2026-10-06
Rial depositsCompany disclosedCalendar year 2022
6,873,577 deposits
Nobitex annual report, calendar year 2022 · retrieved 2026-10-06retrieved 2026-10-06
Online chat conversations with supportCompany disclosedCalendar year 2022
1,272,870
Nobitex annual report, calendar year 2022 · retrieved 2026-10-06retrieved 2026-10-06
Proof of reserves: rial cash against rial owed to usersCompany disclosedAt 27 January 2026
148 per cent
Nobitex biennial report, 2024 and 2025 · retrieved 2026-10-06retrieved 2026-10-06
Rial deposits, number ofCompany disclosedCalendar year 2021
13,575,653
Nobitex annual report 2021, covering calendar year 2021 · retrieved 2026-10-06retrieved 2026-10-06
Average wait for a reply in online chat supportCompany disclosedBy the end of 2021
65 seconds
Nobitex annual report 2021, covering calendar year 2021 · retrieved 2026-10-06retrieved 2026-10-06
Users aged 31 to 40Company disclosed2021
About 44 per cent of users
Nobitex annual report 2021, covering calendar year 2021 · retrieved 2026-10-06retrieved 2026-10-06
HeadcountCompany disclosedAt the end of 2021
209 people
Nobitex annual report 2021, covering calendar year 2021 · retrieved 2026-10-06retrieved 2026-10-06
New registrationsCompany disclosedCalendar year 2022
1,087,000 (printed as one million and 87 thousand)
Nobitex annual report, calendar year 2022 · retrieved 2026-10-06retrieved 2026-10-06
Trades on the busiest dayCompany disclosed7 February 2022
More than 541,000
Nobitex annual report, calendar year 2022 · retrieved 2026-10-06retrieved 2026-10-06
UsersCompany disclosedAt the end of 2022
4,318,701
Nobitex annual report, calendar year 2022 · retrieved 2026-10-06retrieved 2026-10-06
Orders resulting in a trade, daily average, change on the previous yearCompany disclosed2022 against 2021
Down 56 per cent
Nobitex annual report, calendar year 2022 · retrieved 2026-10-06retrieved 2026-10-06
Deposits and withdrawals, rial and crypto, number ofCompany disclosedCalendar years 2024 and 2025 combined
85 million
Nobitex biennial report, 2024 and 2025 · retrieved 2026-10-06retrieved 2026-10-06
Women's share of usersCompany disclosed2022
22 per cent, up from 16 per cent the year before
Nobitex annual report, calendar year 2022 · retrieved 2026-10-06retrieved 2026-10-06
Withdrawals, crypto and rialCompany disclosedCalendar year 2022
11,181,488 withdrawals
Nobitex annual report, calendar year 2022 · retrieved 2026-10-06retrieved 2026-10-06
Orders resulting in a trade, daily averageCompany disclosedCalendar year 2022
185,000 (printed as 185 thousand)
Nobitex annual report, calendar year 2022 · retrieved 2026-10-06retrieved 2026-10-06
Women's share of tradesCompany disclosedCalendar year 2022
18.57 per cent
Nobitex annual report, calendar year 2022 · retrieved 2026-10-06retrieved 2026-10-06
Support tickets answeredCompany disclosedCalendar year 2022
113,326
Nobitex annual report, calendar year 2022 · retrieved 2026-10-06retrieved 2026-10-06
Calls from usersCompany disclosedCalendar year 2022
198,264
Nobitex annual report, calendar year 2022 · retrieved 2026-10-06retrieved 2026-10-06
Women's share of usersCompany disclosed2025
32 per cent
Nobitex biennial report, 2024 and 2025 · retrieved 2026-10-06retrieved 2026-10-06
Video calls with usersCompany disclosedCalendar year 2022
6,588
Nobitex annual report, calendar year 2022 · retrieved 2026-10-06retrieved 2026-10-06
Legal entity (Official Gazette notice)Official recordNotice published 3 August 2026
The Official Gazette notice published in gazette 23695 on 3 August 2026 names the company as Rahkar Fanavari Noyan, a private joint stock company, and prints the national identifier and registration number shown in this profile. Nobitex is the brand; that company is the legal operator.
Official Gazette of the Islamic Republic of Iran, legal-notices portal, notice detail ↗ · retrieved 2026-09-15retrieved 2026-09-15
Statutory auditors (Official Gazette notice)Official recordMeeting of 19 February 2026, notice published 3 August 2026
The same notice records the extraordinary ordinary general meeting of 19 February 2026 appointing Vania Nik Tadbir Institute as principal auditor and Seyed Mehdi Kasaei Far as alternate auditor to the end of the financial year. The notice prints the alternate auditor's personal national code; Tehran Index does not publish personal identifiers and has removed it from the quoted passage, marking the removal.
Official Gazette of the Islamic Republic of Iran, legal-notices portal, notice detail ↗ · retrieved 2026-09-15retrieved 2026-09-15
Headcount as at the 2022 reportCompany disclosedHeadcount as at the company's 2022 annual report
Nobitex's annual-report index page prints, against its 2022 report, human capital of 268 people, alongside more than 4.3 million users to 2022 and 94 trading markets. The page's most recent entry, the biennial 2024-2025 report, prints 11.5 million users to the end of 2025, an average market share of 53.5 percent and 360 rial and tether markets. The headcount figure is a 2022 disclosure and is not presented as current.
Nobitex annual reports index page ↗ · retrieved 2026-09-15retrieved 2026-09-15
Chief executive, and the founder's move to the chairThird-party reportedAppointment reported 25 January 2026
Zoomit reported on 25 January 2026 that Nobitex introduced Ali Khoee as its new managing director, and that Amir Hossein Rad, a co-founder who had been chief executive for the previous seven years, moved to the chairmanship of the board. Citing Nobitex's public relations, it states Khoee joined four years earlier and had held roles including chief product marketing officer and executive vice-president, with earlier capital-market experience including senior risk management at Tamadon Investment Bank. The same report notes Nobitex began operating in 2017-18 and states it has more than 11 million users.
Zoomit, reporting Nobitex's announcement ↗ · retrieved 2026-09-15retrieved 2026-09-15
Core productsCompany disclosed2024 and 2025, per the biennial report
Nobitex's biennial report describes its product set for 2024 and 2025: rial and tether spot markets, a lighter interface for newcomers, and crypto-backed lending, with a goods purchase credit service added in the summer of 2024.
Nobitex biennial report 2024 and 2025 ↗ · retrieved 2026-09-15retrieved 2026-09-15
UsersCompany disclosedEnd 2023, 2024 and 2025, per the biennial report
Nobitex's biennial report for 2024 and 2025 states that its user count reached 11,490,676 at the end of 2025, up 99.5 percent, from 5,761,427 at the end of 2023 and 10,628,087 at the end of 2024.
Nobitex biennial report 2024 and 2025 ↗ · retrieved 2026-09-15retrieved 2026-09-15
Market shareCompany disclosed2024 to 2025 average, as reported July 2026
Nobitex's biennial report for 2024 and 2025 states that the platform held an average 53.5 percent of Iran's crypto market across those two years, with about 46 percent of the remaining share divided among other platforms. The figure is the company's own.
Nobitex biennial report 2024 and 2025 ↗ · retrieved 2026-09-15retrieved 2026-09-15
Transaction volumeThird-party reportedperiod not stated by the source
About $11 billion in cryptocurrency processed in total, per a Reuters investigation published 1 May 2026, which does not state the period the total covers. Reuters also reports the exchange claims 11 million users. A "$7.2 billion processed" figure attributed to Reuters appears in a syndicated commentary piece (Yahoo Finance, 27 April 2026) with no stated period or method; Reuters does not print it.
Reuters investigation, "One of Iran's most powerful families founded its largest crypto exchange", 1 May 2026 ↗ · retrieved 2026-09-15retrieved 2026-09-15
Orders processedCompany disclosed2024 and 2025, per the biennial report
Nobitex's biennial report states that its rial and tether markets reached 360 by the end of 2025, 84 percent more than at the end of 2023, and that the platform processed 350 million successful orders across 2024 and 2025 against 68 million previously.
Nobitex biennial report 2024 and 2025 ↗ · retrieved 2026-09-15retrieved 2026-09-15
Parent or controlling shareholder (not established)Official recordBoard table read 15 September 2026
No parent or controlling shareholder is established. The gazette board table seats only individuals, with no corporate member: registered managing director Seyed Ali Khoei and chairman Amir Hossein Rad, both with terms to 20 January 2028, Mohammad Farmad as vice chairman, and Amir Hossein Rad recorded as managing director in the earlier term to 25 November 2025. The share register of an Iranian private joint stock company is not public, so the absence of a corporate name on the board is not evidence that none exists.
Official Gazette of the Islamic Republic of Iran, legal-notices portal (rrk.ir), board table ↗ · retrieved 2026-09-15retrieved 2026-09-15
Legal operator (company about page)Company disclosedAbout page read 15 September 2026
The company's about page states that the company Rahkar Fanavari Novyan, trading as Nobitex, was formed in summer 2017 (2017-18) to serve Iranian users exchanging digital assets. Nobitex is the brand; that company is the legal operator whose registry identity this profile carries.
Nobitex about page (nobitex.ir/about) ↗ · retrieved 2026-09-15retrieved 2026-09-15
Registered capitalOfficial recordCapital notice 29 April 2024, published 2 May 2024
Capital of 1,000,000,000,000 rial (100 billion toman), divided into 800,000 ordinary registered shares of 1,000,000 rial and 200,000 preferred shares of the same nominal value, since the extraordinary general meeting of 18 April 2024 (17 April 2024), raised from 800,000,000,000 rial entirely out of retained earnings and not from cash paid in. Registered capital is a statutory figure, not a valuation.
Official Gazette legal-notices portal (rrk.ir), capital-increase notice ↗ · retrieved 2026-09-15retrieved 2026-09-15
Retail behaviour, company-reportedCompany disclosed2024 to 2025, as reported July 2026
Nobitex's news post of 22 July 2026 states that the median first deposit by its users is 2.5 million toman and the average order placed is 10 million toman, which it presents as evidence that its use is not confined to large investors.
Nobitex news post summarising its biennial report ↗ · retrieved 2026-09-15retrieved 2026-09-15

Last full review: 2026-09-15 · Tehran Index research desk · corrections: desk@tehranindex.com

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Registered entity
Legal entityRahkar Fanavari Novyan
Entity typeoperating
StatusActive
Registered4 July 2018
Registered capital1 trillion IRR
Board & shareholders
Seyed Ali KhoeiCEO
Amir Hossein RadChairman
Mohammad FarmadVice Chairman

Registered capital is the share capital recorded in the official gazette. Increases are real corporate events, but they are commonly funded from retained earnings or converted receivables and are also driven by inflation and regulatory minimums. It is not a valuation, and Tehran Index does not present it as one.

Official contact
Registered addressUnit 1001, Floor 10, Sharif Tech Tower, No. 28, Shahid Hamid Salehi Blvd, Azadeh St, Teymouri, Tehran, Iran
Postal code1459965220
Phone021-91070325
Instagram@nobitex_market
Evidence & verification
Verification tierVerified, registry / official source
Primary evidencenobitex.ir
Registry identifiersWithheld for compliance

Fields on this profile derive from linked public sources or the official company registry; unknown values stay blank rather than guessed, and estimates are always labelled. How we verify →

Quick facts
Tehran, Iran
Founded 2017
nobitex.ir/LinkedIn
Company dossier

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