Binance opens crypto trading to Syria as U.S. lifts sanctions

Binance the world largest cryptocurrency platform has on Tuesday June 12, 2025, opened its forum to users in Syria following the surprise lifting of U.S. sanctions on the country.

The exchange announced Thursday that Syrians can now trade bitcoin and over 300 digital tokens on its platform.

This move comes after former U.S. President Donald Trump scrapped long-standing sanctions last month.

Binance, the world’s largest crypto exchange by volume, confirmed full access for Syrian users.

The firm said Syrians can also now buy and sell crypto using their national currency, the Syrian pound.

This marks the first time in over a decade that Syrians have legal access to global crypto markets.

The platform’s offerings include major cryptocurrencies and various stablecoins.

The U.S. policy reversal stunned global observers.

Trump said Saudi Arabia persuaded him to lift sanctions as a goodwill gesture to Syria’s new government.

The Islamist-led administration took power after ousting Bashar al-Assad in December.

Trump claimed the decision aimed to support stability and digital development in the war-ravaged nation.

Binance welcomed the change and moved swiftly to onboard Syrian traders.

The company has long advocated for global financial inclusion through crypto access.

This latest move aligns with Binance’s expansion into emerging and previously sanctioned markets.

Syria’s new leaders are reportedly eager to modernize key sectors.

They aim to rebuild public services, digital infrastructure, and internet connectivity after 14 years of war.

Saudi Arabia has also taken a keen interest in Syrian reconstruction.

Sources say Gulf telecom giants are already competing for fiber-optic contracts in the country.

Crypto experts say the move could unlock major remittance flows and investment into Syria.

Syrian tech entrepreneurs have welcomed the Binance decision as a breakthrough.

“Crypto offers us a real future beyond borders,” said one Damascus-based developer.

Binance’s Syria relaunch may boost peer-to-peer markets, which had flourished unofficially for years.

U.S. critics warn the policy shift could open doors for illicit finance.

However, Binance insists it will enforce strict compliance and anti-money laundering rules.

Trump’s decision marks a major diplomatic win for Riyadh and a bold reshaping of U.S.-Middle East policy.

The White House has not commented on whether the decision will be reversed by future administrations.

For now, Syrians are free to access one of the world’s most powerful crypto tools.

Binance’s decision signals a major change in the geopolitical landscape of global finance.

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