Binance Launches in Syria Following Sanctions Lift

Binance opens access to its crypto services in Syria, offering financial inclusion, remittance tools, and education as U.S. sanctions ease.

For over a decade, economic sanctions have cut Syria off from the global financial system. As U.S. sanctions are officially lifted, Binance, the world’s largest cryptocurrency exchange by trading volume, proudly announces the opening of its services to Syrian users, marking a pivotal moment for financial inclusion and reconnection. 

With 21 licenses across the globe, Binance stands as a trusted and compliant exchange in the digital economy. Syrian users will now have access to Binance’s suite of products and services, including hundreds of digital assets, spot and futures trading, staking and earn products, stablecoins, and Binance Pay for seamless cross-border remittances. Dedicated educational content in Arabic and localized support will ensure users can onboard with confidence and trade securely.

Syria’s population is approximately 24 million residents, with an estimated 8 to 15 million more living abroad. Years of economic instability and high inflation left many dependent on remittances, informal networks, and unstable local currencies. These factors may explain why Syria ranked top 10 countries globally for crypto-related search activity as recently as 2021. Now, with sanctions suspended, Syrians have a greater opportunity to engage with cryptocurrency. 

Cryptocurrency has always been about more than markets, it’s about the community. For the Syrian diaspora, this means seamless remittances. For small businesses, it's a tool to combat inflation and connect with global customers. 

Richard Teng, CEO at Binance, said, "After years of exclusion, Syrians now have the chance to build, invest, and connect. With Binance, they gain access to one of the most robust crypto ecosystems in the world, from trading and earning opportunities to seamless crypto payments. This isn't just about opening accounts; it's about opening futures and horizons.”   

Binance is committed to supporting Syrian users through educational initiatives, practical guidance, and secure access to the digital economy. Our mission has always been to promote financial accessibility and inclusion, and today marks a meaningful step forward.