Binance Launches Full Cryptocurrency Services in Syria Following Sanctions Easing
Binance has officially launched a comprehensive suite of crypto products in Syria, just weeks after the United States and European Union lifted most of their sanctions on the country.
The trend of post-conflict regions seeking alternative financial instruments has created a strategic opportunity for Binance to enter the Syrian market, where traditional remittance channels remain limited in terms of cost, reliability, and accessibility.
The sanctions have created a rare, temporary legal loophole that allows international platforms to access Syria’s recovering financial system. Traditional money transfers here remain limited in terms of cost, reliability or accessibility for residents. After years of civil war, Syria still lacks a robust banking system under the new transitional regime.
However, the rapid inroads by private tech companies have raised concerns about the role of cryptocurrencies in rebuilding sanctioned or recovering countries, as well as the dangerous premise of businesses replacing governments in shaping budget and regulatory policy.
Binance Launches Full Services in Syria
Binance has not stopped at testing, but has launched its entire product portfolio. Starting June 12, 2025, Syrians will be able to access nearly all of Binance’s major services, including spot trading in over 300 cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), BNB, XRP, SHIB, DOGE, TON, BCH, and many other tokens.
Local users can also trade derivatives to predict price movements, just like the global trading community does. The P2P (Peer-to-Peer) platform supports the Syrian currency (SYP), allowing direct trading of cryptocurrencies at low values without intermediaries or foreign exchange.
From June 16 to July 12, 2025, Binance launches a zero-fee P2P trading program, allowing users to test the entire ecosystem without worrying about initial trading fees.
Furthermore, Binance launched Earn programs to help people grow their assets in an environment lacking traditional banking services, through staking or locking crypto tokens to receive rewards.
With over 13 million Syrians in the global diaspora, Binance Pay offers a fast, low-cost way to send money back home compared to traditional remittance services.
Additionally, the company has added educational content in Arabic, aiming to promote financial literacy, expanding the audience of first-time crypto users in Syria.
However, Binance is committed to implementing a strict “global regulatory framework” that requires user identity verification to prevent illegal activities such as money laundering, terrorist financing, and fraud.
Binance’s successful entry into Syria, a country long subject to international financial isolation, demonstrates a comprehensive strategy – all products are available, with no usage restrictions, no waiting periods, and no feature restrictions.
Binance Seizes Post-Regime Opportunities During Syria’s Transition
Binance was quick to grasp the political and economic upheaval in Syria. The fall of Bashar al-Assad’s regime took place within weeks of the end of 2024, opening up opportunities for crypto platforms to capture new markets.
On May 23, 2025, the United States lifted most of its sanctions, allowing legal transactions with the Syrian central bank and related financial institutions. The European Union also eased economic restrictions from May 28 to help Syria reintegrate internationally.
In the context of inflation and devaluation of domestic currencies, digital assets such as cryptocurrencies have become the optimal solution for cross-border transactions. The demand for fast, low-cost, and highly reliable money transfers is increasing, especially in rural areas and newly liberated territories.
In that context, Binance with its global scale and fast response speed has become the optimal choice for Syrian people, outperforming smaller platforms, governments or traditional financial institutions.
However, this dominance raises questions about legal governance in countries like Syria, Venezuela or Afghanistan. Should a single platform control the entire financial ecosystem, deposits and trade in recovering economies?
Bitget Enters Syrian Market with Comprehensive Services
Amidst increasingly fierce competition, Bitget has been quick to identify opportunities in the newly opened Syrian market. The trading platform offers a full range of services, including spot trading, derivatives, copy trading, and an Earn program, and represents a notable alternative to Binance.
CEO Gracy Chen said the company’s goal is to serve those who “need crypto the most,” especially amid inflation and political instability. Bitget’s ambition is to bring real utility to communities in countries facing limited banking and financial access.
While Binance remains the leader, the presence of Bitget and other platforms will put pressure on crypto giants to innovate faster, expand services more carefully, and strictly comply with regulations.
In the future, exchanges like OKX, Bybit, or even Coinbase may jump in to expand into countries that were previously banned or faced legal risks, while also having to adopt clear compliance policies to match the standards of their established competitors.
Source: https://tintucbitcoin.com/binance-syria-dia-chi-hay-rui-ro/
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