Wallex
Wallex is a private Tehran-based cryptocurrency exchange operated by Khalk-e Sarzamin-e Parseh. It provides rial-to-crypto, crypto-to-rial and crypto-to-crypto trading, digital-asset wallets, trading dashboards and market data for Iranian retail users. The platform is relevant to participants assessing domestic crypto liquidity, stablecoin access and digital-asset infrastructure in Iran.
Operations & footprint
Products and services
Wallex operates a cryptocurrency exchange platform offering digital-asset trading, rial-based crypto markets, wallet services, user accounts, market data, trading tools, customer support, and retail access to cryptocurrencies and stablecoins. Its operations are connected to fintech demand, foreign-exchange pressure, retail savings behavior, and digital-asset liquidity in Iran.
Operations and assets
The company operates an online exchange platform with rial and crypto trading markets, user account infrastructure, digital-asset wallets, trading dashboards, market-data and charting functions, and customer-support channels.
Geographic footprint
Tehran-based platform serving the Iranian market.
Commercial and investment relevance
Wallex is relevant for investors assessing Iran's digital-asset market, retail crypto access, stablecoin demand, alternative payment behavior, and compliance risk around non-bank financial channels. It can support analysis of how households and businesses seek liquidity outside conventional banking and FX systems. Due diligence should verify legal entity details, regulatory status, custody arrangements, wallet exposure, AML controls, sanctions risk, cybersecurity practices, user-fund protection, liquidity depth, and any recent wallet freeze or service-disruption events. For liquidity providers, technology vendors and market participants, Wallex is a route into Iran’s retail crypto-trading ecosystem. Its platform connects local-currency trading demand with access to major cryptocurrencies and stablecoins.
Constraints, risk & compliance
Key risks and constraints
The operating model is exposed to changes in Iran’s cryptocurrency rules and to disruptions affecting rial settlement, digital-asset transfers, platform liquidity or wallet access. Custody arrangements and protections for customer assets are material diligence considerations.
Sanctions and compliance considerations
Operations from Iran create elevated sanctions-screening and counterparty-compliance considerations for international suppliers, liquidity providers and transaction partners.
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Frequently asked questions
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What does Wallex do?
Wallex operates a cryptocurrency exchange platform for rial-to-crypto, crypto-to-rial and crypto-to-crypto trading, alongside digital-asset wallets, market tools and customer support.
Where is Wallex based?
Wallex is based in Tehran, Tehran Province, Iran.
Who operates Wallex?
Wallex is operated by Khalk-e Sarzamin-e Parseh (خلق ثروت سرزمین پارسه).
Which users does Wallex serve?
The platform is oriented toward Iranian retail users seeking access to cryptocurrencies, stablecoins and rial-denominated digital-asset markets.