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Crypto exchange Binance opens trading to Syrians after U.S. lifts sanctions

Date: Thu, June 12 2025 (UTC)

Summary: Binance, the world’s largest cryptocurrency exchange, has announced that it now allows Syrian residents to trade over 300 cryptocurrencies—including Bitcoin—directly on its platform using the Syrian pound, following the U.S. decision to lift longstanding sanctions on Syria .

Full Details: Binance will enable Syrian users to fully access its offerings, which include:

More than 300 crypto tokens and stablecoins,

Spot and futures trading,

Ability to use the Syrian pound to buy and sell crypto.

This follows the U.S. administration’s surprise decision last month to lift sanctions on Syria—an action taken at the request of Saudi Arabia, aimed at supporting Syria’s reconstruction . The change in U.S. policy removes Syria from Binance’s previously restricted list, allowing Syrians to participate in global digital asset markets.

Syria, emerging from 14 years of conflict and Western financial isolation, now aims to rebuild critical infrastructure like internet connectivity. Binance has also pledged Arabic-language educational tools, support services, and remittance solutions (Binance Pay) to assist onboarding and boost financial inclusion in the country. With approximately 24 million residents (plus 8–15 million abroad), Syria ranks among the top countries in interest in crypto since 2021 .