Efex was founded in 2004 in a Yahoo group with the aim of providing a suitable platform for exchanging digital currencies.

As one of the oldest electronic currency exchanges in Iran, this group has tried to provide a suitable platform for Iranian compatriots by providing unique services on its website and providing business solutions based on decentralization, privatization of financial activities and investment in the field of digital currencies, and providing information in this field.
Efex has provided a safe, fast, and easy environment for exchanging digital currencies for its dear users by providing a mobile application.

This group also considers it its inherent duty to prevent fraudsters and any illegal activities by maintaining privacy and transparency in the transfer of information.