Global crypto exchange Binance has announced that it is now officially available to residents of Syria. This news comes in following the suspension of U.S. sanctions that had previously restricted access.
Binance is Now Available in Syria!
For years, Syrian nationals were barred from using platforms like Binance due to international compliance restrictions. That has now changed. Syria has now been removed from the list of prohibited jurisdictions under Binance’s Terms of Use, , which has granted its residents full access to the platform’s services.
This move will now allow Syrian users to trade more than 300 cryptocurrencies, including Bitcoin (BTC), XRP, DOGE, SHIB, TONCOIN, and Bitcoin Cash. As per the official statement, other features, i.e., spot and futures trading, staking, stablecoins, and Binance Pay, which is used for cross-border remittances, are now accessible in Syria for the first time.
Moreover, educational content in Arabic, along with localized support, has also been launched on the platform to ensure a smooth onboarding process. Binance says its goal is to make digital asset participation safe, informed, and inclusive.
“This move represents more than just expanded access—it reflects our commitment to financial inclusion,” a Binance spokesperson said. “We’re proud to welcome Syrian users and provide them with secure tools to navigate the digital economy.”
The development comes at a critical time. Syria, with a population of around 24 million and an additional estimated 8 to 15 million living abroad, has faced years of economic instability and high inflation. Many families rely on remittances sent from overseas. The inability to access global financial platforms has long limited their options.
Interest in crypto, however, has remained high. Syria ranked among the top 10 countries globally for crypto-related online searches in 2021, according to data from industry trackers. With restrictions lifted, residents now have the ability to act on that interest and use blockchain-based tools for personal finance, investment, and remittance purposes.
Binance stated that it will continue to invest in community outreach in Syria. The company plans to roll out educational campaigns and practical guides to help new users understand digital assets and protect themselves from risks.
“We want to ensure this transition is both secure and empowering,” the spokesperson added.
In its year-end annual report, Binance revealed that it has crossed the 250 million registered users mark by 2024, which is a quarter of the way to the 1 billion user target. The leading crypto exchange is available in a wide range of countries, including many in Asia, Europe, and the Americas and is currently available in over 100 countries.
Also Read: Binance Wants Dismissal of FTX’s $1.76B Claim
Credit: Source link
