Binance Expands to Syria Post Sanctions Lifting 2025

Binance, the world's largest cryptocurrency exchange, has expanded its services to Syria following the lifting of U.S. and EU sanctions in June 2025. This move allows Syrian residents to access over 300 tokens, including Bitcoin and Ethereum, through the Binance platform. The Syrian Pound is now supported for peer-to-peer (P2P) transactions, facilitating secure cryptocurrency trading within the region.

This development is expected to boost local crypto adoption and remittance opportunities globally. Syrian residents can now engage in secure cryptocurrency transactions, potentially increasing the local market's trading volume. The inclusion in Binance's ecosystem, previously unavailable due to past restrictions, opens up new financial opportunities for the Syrian population. Binance offers services such as P2P trading and staking, providing Syrian residents with greater financial freedom and the ability to participate in the digital asset economy securely.

Richard Teng, CEO of Binance, emphasized the importance of financial freedom for everyone, stating that Syrian residents can now securely participate in the digital asset economy. This development presents opportunities for both international remittance and local economic growth. Experts anticipate heightened interest in digital asset integration within Syria, given the untapped market of 24 million residents and eight million expatriates. Binance's entry could spur capital inflow and increase digital asset adoption, similar to previous market expansions in Turkey and Africa. Liquidity improvements and local fiat availability are key expected outcomes.

The lifting of sanctions comes after the U.S. administration announced an end to long-standing restrictions against Syria. This change in policy followed the rise of a new Islamist-led government that came to power after ousting former Syrian President Bashar al-Assad in December. The decision to lift sanctions was influenced by direct requests from Saudi Arabia, a key regional player and longtime advocate for easing restrictions on Syria. The new Syrian leadership has expressed plans to focus on improving digital infrastructure and expanding public services, aiming to rebuild the country after more than a decade of civil war and international isolation. Restoring access to global financial tools like cryptocurrency is seen as a crucial part of this rebuilding effort.

For many Syrians, who face significant economic challenges with an estimated 90% living in poverty and many cut off from formal banking services, Binance’s re-entry into the market is seen as a lifeline. Local entrepreneurs and aid workers believe that cryptocurrency could be a practical tool for rebuilding the economy, supporting peer-to-peer trade, and enabling international donations without intermediaries. Binance’s return to the Syrian market is a notable development in the region’s crypto landscape, where access to global exchanges has often been restricted by sanctions or regulatory blocks. The exchange has updated its country restrictions list and begun onboarding users from Syria with immediate effect, though it did not provide a specific timeline for the rollout.