30% of Iranian people have traded digital currency

According to this report, Bitcoin, Dogecoin and Shiba inu are the most popular digital currencies of Iranians and are their investment hangouts.

According to IDEA, the digital currency platform has prepared a comprehensive report of Iran’s digital currency space in 2023 and provided statistics of digital currency users and active businesses in this field. Based on the obtained data, this collection estimated that about 22% of Iranian people have digital currency. Also, 29 percent of Iranians have used or invested in digital currencies.

The first chapter of this report, titled “User Community”, presents questions centered on users of digital currencies. It also provides statistics of interactions of Iranian users in the space of digital currencies. According to the statistics of the comprehensive report on the digital currency space of Iran, about 78 million people of the total population of Iran (88.63 percent of the country’s population) are Internet users. Assuming that only Internet users in Iran can have digital currency and by making corrections to the findings of the digital currency comprehensive report survey, it can be estimated that about 22% of Iranian people currently have digital currency.

According to the statistics published from the survey of this report, only 15% of all the people in the survey said that they have never heard anything about digital currencies. 23% of people have only heard about it and do not know its details. 30% said that they are familiar with this type of asset, but they have no experience of using it. Using this data, this report has come to the conclusion that 29% of users are both familiar with these assets and have experience using them.

The black and white string of digital currencies

In another part of the first chapter of this report, with the question “Why Iranian users do not use digital currency?” The reasons for this have been investigated. As stated in the comprehensive report of Iran’s digital currency, users who are familiar with digital assets but do not have the experience of using them, believe that their information is not enough to enter this space. This shows that by increasing awareness and training, the number of people active in this field can be increased.

The lack of clarity about the legal status of digital currencies in Iran is also the second reason for users not to use digital currencies and prevent capital from entering this market.

As stated in the comprehensive report of Iran’s digital currency space, 38% of users who have experience using digital currencies have declared that they are not active in any other financial market. Nevertheless, Iran’s stock market, forex (foreign currency exchange market) and gold and other precious metals market are the most popular financial markets among the users of this field.

This report also shows that buying property is by far the safest form of investment among the users in this survey. The report says that respondents have shown more interest in digital currencies compared to buying shares of domestic companies. This is despite the fact that nearly 75% of the users in this survey previously said that they do not have digital currency at their disposal.

As can be seen from the responses of users familiar with digital currencies, the majority have an optimistic view of the increase in market value and the growth of digital currency technology adoption in the future, and of course, the share of neutral views is also noteworthy.

The activity of digital currency users from the point of view of statistics

This report also shows that 47% of people active in the field of digital currencies have declared that they have benefited from their activities in the digital currency market. Also, the highest number of people entering the digital currency market is related to 2020.

Also, according to the statistics in this report, more than 80% of the activists in this field buy and sell in domestic exchanges. The least activity of digital currency users is buying, selling or creating non-material tokens (NFT).

Among the issues that active users in the field of digital currency have raised as challenges and obstacles in this field, “international sanctions and lack of access to payment instruments and global platforms” are known as the most important challenges in this field among digital currency activists. The limitations of the Internet and the weakness of domestic platforms in providing services are also considered as other challenges in the field of digital currency in Iran.

According to the report of Iran’s digital currency space, more than 68% of people active in the field of digital currency invest in the long-term and in the time frames of several weeks, months or years. It should be mentioned that the percentage of people who invest in short term and in several seconds or minutes is less than 15%.

This report shows that “Bitcoin”, “Dogcoin” and “Shiba inu” are respectively the most popular digital currencies among Iranians, which are also known as the hangout of Iranians investing in digital currencies. Also, according to the data in this report, Iranian people are most concerned about the status of “Bitcoin”, “Shiba inu” and “Pepe” currencies.

The report of Iran’s digital currency space in 1402 states that currently more than 200 businesses are operating in different sectors of Iran’s digital currency space. Half of these businesses are active in the field of exchange and are identified as trading platforms. Development of software and tools, media and education are also among the other high-traffic sectors among businesses active in the digital currency space of Iran.

The data available on the LinkedIn page of the identified businesses show that more than two thousand people are currently working in groups active in the space of digital assets and blockchain in Iran. 75% of these people are employed in groups active in the field of digital asset exchange, and businesses in the media, infrastructure, tokenization (tokenization), software, and tools sectors are ranked next.

Tehran hosts 70% of digital currency businesses

According to the statistics published in this report, most of the businesses active in the country’s digital assets and blockchain industry are located in Tehran; This means that their headquarters is located somewhere in Tehran. Apart from Tehran, the cities of Mashhad, Shiraz and Isfahan are also considered among the most prosperous cities of Iran in this area.

Data from internet traffic analysis tools show that the websites of the top 40 digital currency exchanges in Iran (in terms of internet visits) recorded a total of 128 million visits during the first six months of 2023. The average monthly website visit of these 40 trading platforms has been estimated at 21.5 million during this period.

According to the statistics available in the system of the Tehran Stock Exchange Technology Management Company, the average value of daily transactions in the Tehran Stock Exchange in the first six months of this year was around 9 thousand billion tomans.

According to the announcement of digital currency, 3268 people participated in the surveys, 75% of them were men and 25% were women. 65% of the people in the survey were between 25 and 44 years old.

Iran ranks fifth in the world

As the digital currency has claimed based on the review of various sources, currently around 425 million people in the world are users of the digital currency space. According to the statistics provided by the “Triple-A” group, the UAE, Vietnam, Saudi Arabia, Singapore and Iran are the top 5 countries in terms of the share of the population that owns digital currency in the world; This means that a higher percentage of the population of these 5 countries have digital currency compared to other countries.

According to the estimates of the aforementioned institute, 13.4% of Iranian people own digital currencies, and Iran ranks fifth in the world in this regard! It should be kept in mind that some of the statistics of the Triple-A collection were collected during the last one to two years, and the more recent estimates of the digital currency collection indicate higher rates in this regard. Therefore, it is claimed that after the UAE, Iran is the second country in the world in terms of the ownership rate of digital currencies among the population.

The last official statistics about the number of digital currency activists in Iran go back to the year 1400. “Mohammedreza Pourebrahimi”, the head of the Economic Commission of the Parliament, stated that 12 million Iranians have entered the cryptocurrency market, citing the statistics of the Chamber of Commerce. “Hassan Hashemi”, the president of Nasr, also claimed last year that according to statistics, at that time, 8 billion dollars of crypto assets were in the wallets of 5 million Iranians.

Which international exchanges are more popular among Iranians?

Most of the people who seriously follow the activity in the field of digital currency prefer foreign cryptocurrency exchanges to domestic ones. But it seems that ordinary users have chosen internal ones due to the risks and difficulties of operating on international platforms.

According to the results of the digital currency survey, 82 percent of people have traded digital currencies in domestic exchanges. This is while 48% of users have also experienced trading in international exchanges.

The possibility of buying Riyal through bank cards, the possibility of authentication and the lack of restrictions related to foreign sanctions are the main reasons for users to use internal platforms.

On the other hand, support for more digital currencies and currency pairs, better trading volume and liquidity than domestic exchanges, and support for the digital currency derivatives market and leveraged transactions such as futures, margin, and options are the main reasons for users’ interest in using international platforms. has been

In the meantime, Coinx with a 49% share, BingX with a 34% share and Kocoin with a 26.5% share have attracted most of the opinion of Iranian users.

But from the point of view of digital currency platform users, what are the challenges and obstacles of operating in foreign exchanges? The lack of authentication with Iranian identification documents and the requirement to use IP change tools to bypass sanctions have been the most cited factors by users. Half of the respondents also mentioned the lack of legal follow-up in case of problems such as hacking, theft from the exchange, etc.

Digital currency platform reviews of the daily transaction value of the top 10 digital currency exchanges in the country (in terms of transaction volume) show that in the first half of 2023, an average of 1.524 billion tomans, equivalent to 31 million dollars, was transacted on 10 selected Iranian platforms. has been On the other hand, the data available on the “CoinGecko” platform shows that during this period of this year, in the top 10 international exchanges, an average of 21.5 billion dollars was traded daily in spot markets; That is, approximately 693 times the top 10 platforms in Iran.

The status of digital currency businesses in the advertising industry

In the digital currency report, the data of the 1401 report of Yekta-net is also mentioned as one of the platforms for online advertising in the country. It is also concluded that businesses active in the field of digital currencies have a strong presence in the online advertising space and have a significant position in terms of the cost and volume of advertising.

Digital currencies are in fourth place in terms of the volume of advertisements displayed on the web, compared to 13 other categories, and have a share of 8.5%; That is, higher than high-traffic categories such as travel and tourism, education, fashion, clothing and jewelry, etc.

In terms of the budget and expenses for advertising, digital currencies have a significant place in the country’s online advertising space and have been assigned the ninth rank among 19 different categories. This is while the category of digital currencies ranks 17th among the 19 categories discussed in terms of the number of advertisers. This ratio shows the attention of businesses in the digital currency space to advertising on the web; However, considering the legal restrictions for offline digital currency advertising, as well as the behavioral characteristics of users in this area, it seems logical.

Users’ views on digital currency legislation

The majority of Iranians who are familiar with digital currencies and have a history of working in this space, believe that digital currencies in Iran are legal in some cases and illegal in some cases. Only 10% of the participants in this survey believe that cryptocurrencies are completely illegal in the country.

The results of another survey show that 65 percent of people think that the governing bodies are looking for legislation and relative control of the digital currency space. 23% also believe that the government seeks to limit as much as possible the spaces related to digital currency.

Views on the approach of governance in the world towards digital currencies are no different from the view in Iran. About 59% of people believe that the governing institutions in developed countries have a legislative view and relative control over this space, and 17% believe that these institutions seek to limit as much as possible in the field of cryptocurrencies.

According to PwC Global, the Bahamas, Gibraltar, Cayman Islands, Japan and Switzerland are among the leading countries in the field of digital currency legislation. On the other hand, China, Saudi Arabia and Qatar also have the strictest approaches in this field.

The growth of fraud

Citing the statistics published by the FATA police, Digital Currency in its report stated that the number of fraud cases related to digital currencies in the first six months of this year has more than doubled compared to the same period last year.

Also, based on the latest documents available in the domestic news agencies, the notifications of the representatives of the judicial system and the police force, this collection has identified the biggest multi-party cases related to digital currencies in Iran.

Therefore, the Cryptoland case is in first place in terms of the number of plaintiffs, with 28,000 plaintiffs. In terms of the alleged defrauded amount, the King Money project ranks first with more than 5 thousand billion Tomans.