Ramzinex
Iranian cryptocurrency exchange through which $2.45 billion in transactions passed, designated by OFAC under EO 13902 on 2 June 2026.
Last refreshed: 3 June 2026 · Appears in 1 active topic
Why does Ramzinex's $2.45bn transaction volume matter more than its market share for US sanctions strategy?
Timeline for Ramzinex
Designated under EO 13902
Iran Conflict 2026: Treasury freezes Iran's four crypto exchanges- What is Ramzinex and why was it sanctioned?
- Ramzinex is an Iranian Cryptocurrency exchange that processed $2.45 billion in transactions. OFAC designated it on 2 June 2026 under Executive Order 13902 as part of the Economic Fury campaign targeting Iran's crypto sanctions-evasion infrastructure.Source: OFAC
- How much money did Ramzinex process before it was sanctioned?
- $2.45 billion in transactions passed through Ramzinex before OFAC designated it on 2 June 2026.Source: US Treasury
Background
Ramzinex was designated by OFAC on 2 June 2026 under Executive Order 13902 as part of the US Treasury's Economic Fury campaign. The exchange was notable for the scale of transactions it processed: $2.45 billion, a figure that places it among the highest-volume crypto platforms in Iran even if its market share of total inflows was smaller than Nobitex or Wallex. The designation was issued simultaneously with those of Nobitex, Wallex and Bitpin in the campaign's single largest coordinated action to date.
Ramzinex positioned itself as a professional trading platform with margin and derivatives products alongside spot trading, which likely accounts for the high nominal transaction volume relative to its share of retail inflows. Derivatives and leveraged trading amplify nominal volume without proportionally increasing underlying asset movement.
The inclusion of Ramzinex in the 2 June action, despite its lower market share, reflects OFAC's intent to shut down the professional and institutional-facing layer of Iran's crypto market alongside the retail venues. Closing both layers simultaneously prevents Iranian actors from migrating activity from retail to professional platforms.
