Binance Becomes First Major Exchange to Enter Syrian Market
In a landmark move, Binance has officially launched its services in Syria, becoming one of the first global crypto exchanges to enter the country following the lifting of U.S. and EU sanctions in May 2025.
Syrian users now have full access to Binance’s crypto platform, including spot, peer-to-peer (P2P), and futures trading, along with educational tools and cross-border payment options.
The launch comes after U.S. Secretary of State Marco Rubio announced on May 23 the removal of economic sanctions against Syria. The European Union followed shortly after, lifting all related restrictions. Binance confirmed that Syria is no longer listed as a prohibited jurisdiction under its updated Terms of Use.
Full Crypto Access Available Post-KYC
Syrian residents can now trade over 300 tokens, including Bitcoin (BTC), XRP, Toncoin, Dogecoin, Shiba Inu, and Bitcoin Cash. These features are available only after completing Know Your Customer (KYC) verification, a mandatory compliance step emphasized by Binance MENA.
Users gain access to spot trading, P2P exchange, futures trading, and Binance Earn programs, unlocking the full suite of financial tools on the platform.
Additionally, Binance is introducing Binance Pay in Syria, allowing for frictionless cross-border remittances—a crucial feature for a nation with a large diaspora.
Tailored Features for Local Users
To support local adoption, Binance has also introduced Arabic-language educational content. This initiative aims to empower Syrian users with crypto literacy and enable better use of the platform’s tools and services.
According to IMF data, Syria had a population of 21.4 million in 2010, with a GDP per capita of $2,810. An estimated 13 million Syrians reside abroad, making remittance tools a high-demand utility for families and businesses.
This move could transform Syria’s digital economy by giving residents and expatriates access to decentralized finance (DeFi) infrastructure previously unavailable due to sanctions.
What This Means for the Crypto Industry
Binance’s entry into Syria marks a significant milestone for crypto inclusion in post-sanction economies. It also sets a precedent for how exchanges may expand responsibly in formerly restricted regions, bridging financial gaps and boosting economic participation.