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Binance to Reopen Its Platform to Syrian Users Following Sanctions Relief
Binance, one of the world’s leading cryptocurrency exchanges, has officially announced the reactivation of its services for users based in Syria. This significant development arrives after the U.S. government lifted long-standing sanctions against Syria, opening new pathways for Syrians to engage in digital asset trading.
What the Sanctions Relief Means for Syrian Crypto Enthusiasts
In a recent announcement, Binance confirmed that Syria has been removed from its list of prohibited countries. As a result, residents of Syria are now eligible to create accounts and access the full suite of crypto trading services on the platform. This includes spot and futures trading, staking and crypto earning products, and the innovative Binance Pay feature, which enables seamless cross-border crypto payments.
Additionally, Binance will be offering educational resources in Arabic tailored to local traders, aiming to foster crypto literacy and empower new users in Syria. The exchange’s spokesperson noted: “We can now onboard and support Syrian residents, offering them full access to our products and services.”
Political Changes Drive the Reopening of the Syrian Crypto Market
The policy shift follows the recent announcement by U.S. leadership to lift economic sanctions after a transformative period in Syria’s political landscape. In May 2025, then-President Donald Trump revealed plans to suspend sanctions to support Syria under its new government, headed by Ahmed al-Sharaa, who succeeded Bashar al-Assad in December 2024 after decades of rule.
Previously, international restrictions stemming from the Assad regime’s designation as a “State Sponsor of Terrorism” left Syrian users unable to access major crypto services. For years, this positioned Syria as an untapped market despite an accelerating interest in digital assets.
Crypto’s Rising Popularity in Syria Amid Economic Turbulence
Syria has consistently ranked among the top 10 countries in the world for crypto-related online searches since 2021. Widespread economic instability and hyperinflation have driven many Syrians to seek financial independence through cryptocurrencies, making the reopening of Binance’s services particularly timely. With traditional financial infrastructures under strain, close to collapse, digital assets offer a compelling alternative for saving and transacting.
In line with international best practices and regulatory frameworks, Binance emphasized its commitment to supporting Syria’s efforts to rebuild its economy. “We’re proud to provide real-world solutions that can contribute to Syria’s economic recovery and foster growth in its emerging digital economy,” the platform stated.
Syrian Government Eyes Crypto Legalization
Earlier this year, Syrian authorities unveiled plans to explore the legalization of Bitcoin and other cryptocurrencies, aiming to catalyze national economic revival. By embracing blockchain technologies and digital currencies, Syria hopes to overcome traditional financial barriers and attract new investment.
This move by Binance could mark a turning point for the country’s crypto industry, supporting innovation and driving broader adoption among Syrian traders.
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