Binance, the world’s largest crypto exchange, has officially launched its platform for Syrian users. The move comes a month after the US and the European Union lifted long-standing economic sanctions on Syria.
Currently, Syria is no longer classified as a prohibitive country of vinance. This could be seen as a turning point in access to the country’s global financial markets.
According to a Bloomberg report on June 12, 2025, Binance CEO Richard Tenn said in a statement that “After years of exclusion, Syrians now have construction, investment and connections.” Crypto companies are currently attracted to Syria’s favorable regulations, according to the report.
Exciting news for Syria-based communities: Join Binance!
We believe that financial freedom should be accessible to everyone. And now, once US sanctions are lifted, we look forward to announce that Syrian residents will ultimately be able to shape the future to 270 M+ global users… pic.twitter.com/kq7tvkck3f
– Binance Mena (@binancearabic) June 12, 2025
“After 14 years of civil war and decades of Western sanctions, Syrian new leaders aim to rapidly advance improvements in public services, including internet connections within the country,” a Reuters report on June 12, 2025 said.
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Syria is now able to participate in the digital asset economy
“For years, the Syrian people have not been able to participate in the crypto world as they evolved. Not by choice, but by circumstances,” Binance said. Syria has a population of approximately 24 million, with an estimated 8-15 million living abroad.
Interestingly, tHis country was ranked in the top ten countries in the world for crypto-related search activities, as recently as in 2021.
Binance has launched crypto trading in Syria after US/EU sanctions have been eased! Users can trade $ BTC, $ xrp, $dogeand more. KYC required for service. A new market for crypto adoption!
Please read the entire article
-nova- {news} awsent (@Chagingptaines) June 12, 2025
https://twitter.com/drcrypto__x/status/1933084398393397516
However, platforms like Binance previously did not serve Syrian users due to compliance with applicable sanctions.
“Even if cryptos became a lifeline for people facing inflation or relying on cross-border remittances, access remained out of reach. That changes today,” added Binance.
Binance CEO Richard Teng said “” for X.Welcome, Syria! You can now participate Binance Become a part of the global crypto community. ”
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Key takeout
Binance’s entry into Syria is not a limited or experimental launch. Instead, the exchange has given you full access to the entire suite of products and services for Syrian residents.
Binance CEO Richard Teng used X to say, “Welcome to Syria! You can join Binance and become part of the global Crypto community.”
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