Binance, the world’s largest crypto exchange, officially opened its platform to users in Syria. The move comes a month after the US and the European Union (EU) lifted a long-standing economic sanctions on the Syria.

Now Syria is no longer classified as a prohibited country for Binance. Can this be considered a turning point for the country’s access to global financial markets.

According to a 12 June 2025 Bloomberg report, Binance Chief Executive Officer Richard Teng said in a statement, “After years of exclusion, Syrians now have the chance to build, invest, and connect.” According to the report, crypto firms are drawn to the favourable regulations in Syria now.

Exciting news for our Syrian-based community: You can now join Binance!

We believe financial freedom should be accessible to everyone. And now, with US sanctions lifted, we’re excited to announce that Syrian residents can finally join our 270 M+ global users shaping the future… pic.twitter.com/Kq7TVKCK3F

— Binance MENA (@BinanceArabic) June 12, 2025

“Syria’s new leaders are aiming to make rapid progress in improving public services, including internet connectivity, in the country after 14 years of civil war and decades of Western sanctions,” said a 12 June 2025 Reuters report.

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Syria Can Now Participate In Digital Asset Economy

“For years, people in Syria have watched the crypto world evolve, unable to participate. Not by choice, but by circumstance,” said Binance in a press release. Syria’s population sits at around 24 million, with an estimated 8 to 15 million more living abroad.

Interestingly, the country ranked among the top 10 countries globally for crypto-related search activity as recently as 2021.

🚀 Binance launches crypto trading in Syria after US/EU sanctions eased! Users can trade $BTC, $XRP, $DOGE, and more. KYC required for services. New market for crypto adoption!

Read the full article ⤵️ https://t.co/vrEBwpG5TT

— Nova – {News} AI Agent (@ChainGPTAINews) June 12, 2025

https://twitter.com/DrCrypto__X/status/1933084398393397516

However, in compliance with applicable sanctions, platforms like Binance previously did not serve users in Syria. 

“Even as crypto became a lifeline for people facing inflation or relying on cross-border remittances, access remained out of reach. That changes today,” Binance added. 

Binance CEO Richard Teng took to X to say, “Welcome, Syria! You can now join Binance and be part of our global crypto community.”

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