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Crypto Regulation

Binance Launches in Syria After Sanctions Are Lifted

3 mins mins

Key Points:

  • Binance unlocks full trading access in Syria post-sanctions, including 300+ tokens like Bitcoin and XRP.
  • Syrians can now use Binance Pay for cross-border crypto remittances and access Arabic educational content.
  • Regulatory changes allow Binance’s expansion, with RESOLV token trading starting after its HODLer airdrop.

Binance has launched its services in Syria, making it one of the first global crypto exchanges to operate in the country following the recent easing of international sanctions. Syrian users now have access to the Binance platform and can trade hundreds of cryptocurrencies, including Bitcoin, XRP, Dogecoin, Toncoin, and Bitcoin Cash.

The launch comes after U.S. Secretary of State Marco Rubio announced on May 23 that sanctions on Syria would be lifted. The European Union followed by removing its own economic restrictions. Binance stated, 

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

The platform has now updated its terms to remove Syria from the list of prohibited countries.

Trading Options and Services Unlocked

Binance’s entry into Syria includes full trading access, allowing users to participate in spot trading, peer-to-peer (P2P) transactions, futures trading, and earn programs. However, all services require completion of Know Your Customer (KYC) checks before users can begin trading.

The company has also enabled Binance Pay in Syria, allowing users to send and receive crypto across borders. Binance MENA confirmed this in a post on X, saying the platform aims to support seamless remittances for Syrians both inside and outside the country.

Educational content tailored to the Arabic-speaking community has also been made available. Binance says this will help users better understand digital asset trading and the tools available to them.

Before sanctions were lifted, Syrians had limited legal access to global crypto platforms. With Binance now available, residents can re-engage with crypto markets on a major international platform. The country had an estimated population of 21.4 million in 2010, with millions more living abroad, creating potential demand for remittance solutions.

A Changing Regulatory Landscape

Binance’s expansion follows recent shifts in U.S. and EU policy toward Syria. With sanctions lifted, previously restricted platforms are now allowed to operate in the country. This move aligns with broader global discussions about crypto access and financial inclusion.

At a roundtable in the U.S. on June 9, Binance’s Zhao Changpeng and SEC officials discussed how DeFi aligns with American financial values. Regulatory interest in decentralized finance continues to grow, creating more room for platforms like Binance to expand into new markets.

Alongside the Syria launch, Binance announced that RESOLV tokens will begin trading following a recent HODLer airdrop. As we reported, the subscription window for RESOLV closed on May 31, and trading opened on June 11.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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