Binance, one of the world’s leading cryptocurrency exchanges, has become one of the first platforms to launch operations in Syria following the easing of U.S. and EU sanctions in May.
As of June 12, Syrian residents can now access Binance’s services and trade cryptocurrencies such as Bitcoin, according to an official company announcement.
This move comes after U.S. Secretary of State Marco Rubio announced the lifting of sanctions on Syria on May 23, a decision that was soon followed by the European Union removing all economic restrictions on the country.
“Due to previous sanctions, platforms like Binance were unable to offer services to users in Syria,” the company stated in its announcement. It added that, with the recent easing of sanctions, Syria is no longer listed as a restricted country under its terms of use.
Spot, P2P, and futures trading will be available to users in Syria upon completing KYC verification
Binance’s launch in Syria offers full platform access, enabling users to trade over 300 cryptocurrencies, including Bitcoin, XRP, Dogecoin, Shiba Inu, Toncoin, and Bitcoin Cash.
According to an announcement by Binance MENA on X, all services—such as spot trading, peer-to-peer (P2P) exchange, futures trading, and earn programs—will be accessible only after users complete the platform’s Know Your Customer (KYC) verification process.
Syrian users will also gain access to Binance Pay, enabling smooth cross-border remittances, along with educational resources tailored in Arabic to support local adoption.
According to the International Monetary Fund, Syria had a population of 21.4 million in 2010, with a GDP per capita of approximately $2,810. Estimates from 2016 suggest that up to 13 million people of Syrian descent live outside the country.
