In a historic shift for the global crypto industry, Binance — the world’s largest cryptocurrency exchange — has announced that users in Syria can now fully trade on its platform. This comes just weeks after the United States surprisingly lifted long-standing sanctions on the Middle Eastern nation, opening the door for financial inclusion in one of the world’s most economically isolated countries.
Binance revealed on Thursday that Syrians will now have unrestricted access to over 300 digital assets on its platform, including popular cryptocurrencies like Bitcoin and Ethereum, as well as a variety of stablecoins. Even more notably, the exchange now supports the Syrian pound (SYP), allowing users to buy and sell directly in their local currency — a major milestone for a country cut off from international markets for more than a decade.
This decision follows a dramatic political shift last month when U.S. President Donald Trump announced the lifting of sanctions on Syria. According to sources close to the administration, the move was heavily influenced by Saudi Arabia, which advocated for Syria’s economic reintegration after the country’s new Islamist-led government came into power. Bashar al-Assad, Syria’s long-time ruler, was ousted in December after years of civil unrest and international pressure.
Syria has endured 14 years of brutal civil war and decades of Western sanctions that have crippled its economy and cut it off from global technological and financial advancements. Now, with a new government and support from Gulf nations, Syria is beginning to rebuild — and digital finance is at the heart of that effort.
The reopening of Binance in Syria is expected to provide a crucial lifeline for individuals and businesses eager to reconnect with the global economy. Cryptocurrency offers Syrians a fast, low-cost way to transfer money, invest, and escape hyperinflation — all without relying on traditional banks, which remain largely inaccessible or nonfunctional in many areas of the country.
Additionally, improving digital infrastructure is high on the new Syrian government’s agenda. Reports suggest that Gulf Arab telecom companies are now competing to help the country rebuild its internet backbone, including fiber optic projects that will improve connectivity and help support digital financial services like Binance.
This move by Binance signals more than just a business expansion — it’s a vote of confidence in Syria’s future. It also demonstrates how cryptocurrencies can play a powerful role in bridging financial gaps caused by politics, conflict, and geography.
With the U.S. sanctions lifted and major crypto platforms stepping back into the region, Syria may finally be turning a corner — one blockchain at a time.
