Binance Launches in Syria after U.S. Lifts Sanctions

Binance, the world's largest cryptocurrency exchange, has announced its expansion into the Syrian market. This move comes in the wake of the U.S. government's decision to lift long-standing economic sanctions on Syria, signaling a new era of economic engagement for the war-torn nation.

On June 12, 2025, Binance declared that Syrian residents would gain full access to its platform, enabling them to trade over 300 cryptocurrencies, including Bitcoin, Ethereum, and various stablecoins. Additionally, the Syrian pound is now supported for cryptocurrency transactions on Binance, facilitating easier access for local users.

This expansion follows the U.S. Treasury Department's issuance of General License 25 on May 23, 2025, which effectively lifted many of the sanctions that had previously restricted financial transactions with Syrian entities.

President Donald Trump announced the lifting of sanctions during a visit to Saudi Arabia, stating that the move aimed to provide Syria with a fresh start and support its reconstruction efforts. The decision was reportedly made at the behest of Saudi Arabia, a key advocate for removing the restrictions.

Binance's entry into the Syrian market is part of a broader trend of reintegration for the country. Syria is set to reconnect to the global economy by rejoining the SWIFT international payment system within weeks, marking a major step toward recovery.

The lifting of sanctions and subsequent economic reforms have opened the door for international businesses to engage with Syria. Binance's expansion is seen as a significant milestone in this process, providing Syrians with access to global financial tools and services that were previously out of reach.

For years, Syria’s fragile economy—marked by soaring inflation and a weakening local currency—pushed many citizens to rely on remittances and informal financial systems to get by. These conditions helped drive widespread interest in alternative forms of value storage, particularly cryptocurrencies. At the height of this trend. With sanctions now suspended, the country may be on the cusp of transitioning from crypto curiosity to active adoption.

However, some hurdles remain. Syria's infrastructure still faces significant strain and recovery will take time and resources. While many U.S. sanctions have been lifted, certain restrictions are still in place, and the country’s progress will likely continue to draw international attention.

Binance's expansion into Syria represents a hopeful sign for the country's economic future. As Syria continues its journey toward recovery and reintegration into the global community, access to platforms like Binance could play a crucial role in empowering its citizens and fostering economic growth.