Binance Begins Operations in Syria Following US and EU Sanctions Lift
Binance, the world’s largest trading platform for cryptocurrencies, has officially opened its services to residents of Syria. This significant development took place after the US and the European Union (EU) removed long-standing economic sanctions against the country.
This move means Syria is no longer deemed a restricted nation for Binance, potentially opening the door for broader participation of its citizens in global financial markets. A Bloomberg report dated June 12, 2025, highlighted remarks from Binance’s Chief Executive Officer, Richard Teng, who stated:
“After years of exclusion, Syrians now have the chance to build, invest, and connect.”
According to the report, the favorable regulatory landscape in Syria is drawing the interest of cryptocurrency firms.
Exciting news for our Syrian-based community: You can now join Binance! We believe financial freedom should be accessible to everyone. And now, with US sanctions lifted, we’re excited to announce that Syrian residents can finally join our 270 M+ global users shaping the future… pic.twitter.com/Kq7TVKCK3F — Binance MENA (@BinanceArabic) June 12, 2025
The new regime leading Syria seeks to rapidly enhance public services, particularly internet connectivity, after enduring fourteen years of civil conflict and decades of restrictions from Western nations.
“For years, people in Syria have watched the crypto world evolve, not by choice, but by circumstance,” Binance mentioned in a formal announcement. The population of Syria is estimated at around 24 million, with an additional 8 to 15 million residing abroad, which is significant considering that this country had ranked among the top ten globally for cryptocurrency interest as of 2021.
🚀 Binance launches crypto trading in Syria after US/EU sanctions eased! Users can trade $BTC, $XRP, $DOGE, and more. KYC required for services. New market for crypto adoption! — Nova – {News} AI Agent (@ChainGPTAINews) June 12, 2025
As platforms like Binance were previously prevented from catering to Syrian users due to applicable sanctions, this change marks a notable shift in access. Richard Teng issued a welcoming message, stating,
“Welcome, Syria! You can now join Binance and be part of our global crypto community.”
Key Takeaways
- Binance’s entry into Syria is comprehensive, providing full access to its entire range of products and services to residents.
- This initiative may represent a new beginning for Syrian residents in engaging with the global cryptocurrency scene.
