Binance Opens Doors to Syrian Crypto Users After US Sanctions Lifted
Binance, the world’s largest cryptocurrency exchange, has reactivated its services for Syrian users following the removal of Syria from its list of prohibited jurisdictions.
This development comes shortly after the US administration, led by former President Donald Trump, lifted sanctions on Syria in May 2025, enabling Syrian nationals to engage fully in the digital asset ecosystem.
What Crypto Services Will Syrians Now Access
For the first time since 2019, residents of Syria can trade spot and futures contracts, stake digital assets, and use Binance Pay for cross-border transactions.
The exchange will also offer educational resources in Arabic to help Syrians navigate the crypto space safely and effectively.
In addition, the Syrian pound is now accepted on the platform for buying and selling cryptocurrencies, broadening local access to digital finance.
Binance stated in its statement,
“Financial freedom should be for everyone.”
Why Crypto Matters in Syria’s Economic Landscape
Syria’s economy has been battered by over a decade of conflict, sanctions, and hyperinflation.
With around 24 million people living in the country and an estimated 8 to 15 million Syrians abroad, many families rely on informal money transfers and remittances.
Crypto’s appeal has been growing as a more accessible and stable alternative to the official financial system.
According to Binance, Syria ranked among the top 10 countries worldwide in terms of cryptocurrency-related search activity in 2021 — an indication of strong local interest despite previous service bans.
Economics professor Karam Shaar has criticised past restrictions, calling the exclusion of Syrians from financial platforms a form of “self-centered collective punishment.”
What Prompted the Shift in US Policy on Syria
The US government’s decision to lift sanctions surprised many and was made during a high-profile meeting with Gulf leaders, including Turkish President Recep Tayyip Erdoğan and Saudi Crown Prince Mohammed bin Salman.
Trump described it as a chance for Syria’s new leadership—an Islamist-led government that replaced Bashar al-Assad last December—to “start afresh.”
Despite the easing of sanctions, concerns about Syria’s political stability remain.
US Senator Marco Rubio recently warned that the country might be on the brink of further conflict, citing ongoing sectarian violence and factional disputes.
Rubio urged US support for transitional leadership to prevent deeper unrest.
How Are International Companies Preparing for Syria’s Reentry
Reports indicate that American firms like AT&T, Chevron, and various agribusinesses are eyeing opportunities in Syria’s reconstruction and development.
This aligns with the US’s conditional approach, which ties economic reopening to cooperation between Syria’s transitional government and US corporations.
Mike Benz, a foreign policy analyst, raised ethical questions about this approach on the Julian Dorey Podcast, highlighting contradictions in US policy related to Syria and its broader regional interventions.
Binance’s Role in Syria’s Financial Recovery
By restoring access to a full range of cryptocurrency services, Binance is positioning itself as a key player in Syria’s path back to financial normality.
The exchange promises ongoing support and education to help Syrians make the most of digital finance tools amid a challenging economic environment.
Richard Teng, Binance’s CEO, said,
“After years of exclusion, Syrians now have the chance to build, invest, and connect. This isn’t just about opening accounts; it’s about opening futures and horizons.”
As Syria steps back into the global financial system, the return of Binance’s services may provide a vital alternative for millions navigating economic hardship and political uncertainty.
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