Binance becomes one of the first major crypto exchanges to enter Syria after US and EU lift restrictions, offering over 300 tokens and multiple trading services.

Binance Expands into Syria After Sanctions Lifted

Binance, the world’s largest cryptocurrency exchange by trading volume, has officially launched its services in Syria, marking a major milestone for the country’s financial accessibility. The move follows recent decisions by both the United States and the European Union to ease long-standing economic sanctions on Syria in May 2025.

This development allows Syrian residents to access the full range of Binance offerings, including spot trading, futures, peer-to-peer (P2P) transactions, and earn programmes. The rollout was confirmed by Binance MENA via an announcement on X (formerly Twitter), stating that users must first complete Know Your Customer (KYC) verification to access the platform.

300+ Tokens, Seamless Remittances, and Arabic Education
The exchange’s Syrian launch features full functionality, giving users access to more than 300 crypto assets, including Bitcoin (BTC), XRP, Toncoin (TON), Dogecoin (DOGE), Shiba Inu (SHIB), and Bitcoin Cash (BCH).

Beyond trading, Binance also enables cross-border payments through Binance Pay, offering a seamless remittance solution for the millions of Syrians with families abroad. The company has additionally introduced tailored educational resources in Arabic to help local users navigate the world of digital finance.

US and EU Policy Shift Opens the Door
Binance’s entry into Syria became possible after significant shifts in international policy. On May 23, US Secretary of State Marco Rubio announced the lifting of American sanctions on Syria, a move swiftly followed by the EU’s removal of all economic restrictions.

Previously, Binance and similar platforms were barred from serving users in Syria due to compliance with global sanctions frameworks. The company acknowledged in its announcement that Syria is no longer listed as a prohibited jurisdiction in its terms of use.

Crypto Adoption Amid Crisis and Conflict
Syria’s prolonged economic instability and civil conflict have made digital currencies an increasingly attractive option. Following the fall of former President Bashar al-Assad in December 2024, internal turmoil has further strained traditional financial systems.

A significant proportion of Syria’s population remains unbanked, and the country continues to experience soaring inflation. These conditions have contributed to rising interest in alternative financial tools such as cryptocurrencies. In fact, a 2021 study by TradingView listed Syria among the top ten countries globally in terms of crypto-related search activity, alongside other conflict-affected nations such as Libya and Palestine.

Demographic Insights and Global Diaspora
According to the International Monetary Fund, Syria’s population stood at 21.4 million in 2010, with a GDP per capita of $2,810. The ongoing conflict and economic downturn have resulted in a widespread diaspora, with estimates suggesting that up to 13 million people of Syrian descent were living abroad by 2016.

This global spread may contribute to the demand for international remittance tools like Binance Pay, particularly for families seeking financial stability and support from relatives overseas.

Binance has not yet provided an official comment regarding the launch in Syria at the time of publication.