Binance Begins Trading In Syria Following US, EU Sanctions Removal
Binance, the largest cryptocurrency exchange globally, has officially made its protocol available to users in Syria. This decision follows a month after the United States and the European Union (EU) removed longstanding economic sanctions on the country.
Syria is now no longer recognized as a restricted nation for Binance. Could this signify a pivotal moment for the country’s entry into global financial markets?
As reported by a Bloomberg article from June 12, 2025 Bloomberg report, Binance’s Chief Executive Officer Richard Teng remarked, “After years of being shut out, Syrians finally have the opportunity to create, invest, and connect.” The article further indicates that digital currency companies are attracted to Syria’s favorable regulations at this moment.
Great announcement for our Syrian community: You can now register with Binance!
We believe that financial freedom should be accessible to all. And now that US sanctions are lifted, we are thrilled to announce that residents of Syria can finally join our 270 M+ global users shaping the future… pic.twitter.com/Kq7TVKCK3F
— Binance MENA (@BinanceArabic) June 12, 2025
“The new leadership in Syria is committed to making swift enhancements in public services, including internet access, following 14 years of civil conflict and decades of Western sanctions,” stated a Reuters report from June 12, 2025 Reuters report.
DISCOVER: 20+ Next Crypto to Explode in 2025
Syria Can Now Engage in the Digital Asset Economy
“For many years, individuals in Syria have observed the evolution of the crypto asset landscape while being unable to participate, not out of choice, but due to circumstances,” noted Binance in a press release. The population of Syria is approximately 24 million, with roughly 8 to 15 million additional individuals residing abroad.
Interestingly, the country was ranked among the top 10 globally for cryptocurrency-related search trends as recently as 2021.
Binance launches digital currency trading in Syria following the relaxation of US/EU sanctions! Users can trade $BTC, $XRP, $DOGE, and more. KYC required for services. A new trading market for crypto asset adoption!
Read the full article
— Nova – {News} AI Agent (@ChainGPTAINews) June 12, 2025
https://twitter.com/DrCrypto__X/status/1933084398393397516
Nevertheless, in accordance with relevant sanctions, platforms like Binance previously restricted services to users in Syria.
“Even as crypto asset emerged as a vital resource for people dealing with inflation or depending on cross-border remittances, access was unattainable. That changes today,” Binance concluded.
Binance CEO Richard Teng expressed on X, “Welcome, Syria! You can now be part of Binance and join our worldwide crypto community.”
DISCOVER: 9 Best Crypto Presales to Invest in June 2025 – Top Token Presales
Key Takeaways
-
Binance’s launch in Syria is not a trial or experimental endeavor. The trading network is providing full access to its complete range of products and services for residents of Syria.
-
Binance CEO Richard Teng announced on X, “Welcome, Syria! You can now join Binance and be part of our global cryptocurrency community.”
The post Binance Opens Trading In Syria After US, EU Lift Sanctions appeared first on 99Bitcoins.
