What is FarhadMarket
FarhadMarket (now rebranded to Exbito) launched in June 2019 as a centralized exchange based in Iran, with support for Iranian rial (IRR) and Turkish lira (TRY) fiat pairs.
Volume and Activity
The platform is marked as untracked by CoinMarketCap. There is no available trading volume or active markets - no orderbooks or liquidity data visible. All metrics suggest that it’s inactive or operating under the radar.
Fiat Support and Pairs
Exbito supports IRR and TRY fiat trading, but details on specific cryptocurrencies or liquidity are not publicly reported. Fiat channels exist, but market usability remains unclear.
Transparency and Security
No reserve data is available. There’s no public indication of audits, proof of reserves, or security disclosures. The exchange provides no clarity on ownership, compliance or infrastructure.
Pros and Cons
- Pros:
- Offers fiat trading lanes in IRR and TRY
- Geared toward Iranian and regional users
- Cons:
- Untracked volume and no visible order flow
- No proof of reserves or security transparency
- No public audits or regulatory compliance evidence
- Likely strong geo-blocks or compliance limitations
Who it suits
It may appeal to traders in Iran or Turkey who want fiat-to-crypto access. But lack of volume, transparency and regulatory clarity makes it risky. Only those testing local fiat rails might consider it.
Final verdict
FarhadMarket (Exbito) is a niche regional exchange with IRR and TRY support but operating under the radar. It’s effectively untracked, with no liquidity or transparency. Proceed only with caution and minimal exposure - this is a platform with limited public trust or oversight.