Cryptocurrency exchange Binance has begun offering services to users in Syria following a recent suspension of U.S. sanctions that previously classified the country as prohibited under the platform’s terms of use.
The development, which took effect this week, marks the first time Binance is legally permitted to onboard and support Syrian residents. This change grants access to a broad range of the platform’s services, including crypto trading, staking, remittances, and educational tools in Arabic.
Access Granted After Years of Restrictions
For years, Syrian users were unable to access Binance due to compliance with U.S. and international sanctions. While the global cryptocurrency sector grew, Syrians, many facing high inflation and economic instability, remained excluded from most regulated platforms. That changed after recent U.S. policy revisions removed Syria from certain sanctions lists, prompting Binance to update its own access policies.
The platform confirmed that Syrian residents now have access to spot and futures trading, stablecoins, over 300 crypto assets such as Bitcoin (BTC), XRP, and SHIB, as well as remittance features via Binance Pay. Users will also benefit from Arabic-language resources and localized support to assist with onboarding and security.
Crypto Interest in Syria Remains High
Syria has consistently ranked high in global interest for cryptocurrency. In 2021, the country was listed among the top 10 worldwide for crypto-related online search activity, a reflection of increasing reliance on digital alternatives to traditional financial systems.
The nation’s population, estimated at around 24 million, with millions more living abroad, has faced prolonged economic hardship. Many Syrian families depend on cross-border remittances and informal financial networks due to the limited reach of formal banking institutions and ongoing currency devaluation.
Binance’s entry into the Syrian market is seen as a potentially significant development in light of these challenges, providing regulated access to financial tools that had previously been unavailable.
Binance Highlights Regulatory Compliance and Cautious Rollout
Binance stated it is adhering to all applicable international regulations and compliance protocols in expanding services to Syrian users. The company emphasized that the move follows a formal change in the legal classification of Syria and does not represent a unilateral policy shift.
As part of its regional strategy, Binance will continue to invest in educational resources for new users and monitor compliance obligations. Syrian users are encouraged to review the platform’s updated Terms of Use and consult the provided documentation to ensure a proper understanding of the services now available to them.
