On June 12, 2025, cryptocurrency exchange Binance announced in a press release: "Following the recent suspension of US sanctions, Syria is no longer classified as a prohibited country under Binance’s Terms of Use. This means we can now onboard and support Syrian residents, granting them full access to Binance’s products and services, including:
300+ cryptocurrencies (BTC, XRP, DOGE, SHIB, TONCOIN, BCH).
Spot & futures trading.
Staking & yield products.
Stablecoins.
Binance Pay for seamless cross-border transfers.
Arabic-language educational content tailored for local users.
Dedicated support to ensure safe onboarding.
Testing the Platform:
After the announcement, we attempted to register—Binance accepted Syrian ID and live facial verification. However, challenges remain for Syrian users:
⚠ No local crypto-friendly banks/payment gateways.
⚠ Delays in SWIFT banking transfers.
⚠ Low crypto/e-commerce awareness among Syrians.
⚠ Price volatility risks (worsened by ongoing Iran-Israel conflict).
Binance’s statement added: *"Years of economic instability and hyperinflation forced Syrians to rely on informal remittance networks and unreliable local currencies—key drivers of Syria’s sustained crypto interest. Syria ranked among the top 10 countries globally for crypto-related searches until 2021."*
Syrian Optimism:
Syrian media celebrated the move, hinting at broader post-sanctions benefits. Freelancers on social media welcomed easier access to earnings via crypto/bank transfers, eliminating costly middlemen.
Binance’s Closing Note:
"We’re committed to educating and empowering Syrian users. Our mission is financial inclusion—today marks a pivotal step. Let us be the first to say: Welcome back, Syria."
do you exchange cryptos?
Moumin Sawady
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