Binance Expands to Syria Post-U.S. Sanctions Relief

Binance, the largest cryptocurrency exchange, announced its expansion into Syria shortly after the United States lifted sanctions in June 2025.

The event marks a pivotal shift, offering Syrians unprecedented access to cryptocurrency markets and potentially increasing trading volumes.

Binance Debuts in Syria After Sanctions Lift

The U.S. Treasury’s Office of Foreign Assets Control issued a license lifting sanctions on Syria. This allowed Binance, led by CEO Richard Teng, to expand its services, removing Syria from its restricted list. Syria now appears on Binance’s list of accessible markets, with users gaining access to spot and futures trading in major cryptocurrencies. This comes after President Trump removed prior economic restrictions.

Syrian Market Sees Potential Crypto Boom

Syrian participation is expected to boost liquidity and trading volumes through remittances and stablecoin use. This development may reduce local fiat outflows and offer a hedge against inflation. The regulatory changes are in line with the U.S.’s broader goal to stimulate investment and stabilize Syria, creating market momentum in previously restricted areas. “As President Trump promised, the Treasury Department and the State Department are implementing authorizations to encourage new investment into Syria. Syria must also continue to work towards becoming a stable country that is at peace, and today’s actions will hopefully put the country on a path to a bright, prosperous, and stable future,” said Scott Bessent, Secretary of the Treasury.

Expert Insights on Syria’s Crypto Entry

Previous relaxations in crypto sanctions, like for Iran, increased local trading activity. Syria’s entry into the global crypto market might mirror this trend, with Bitcoin and stablecoins seeing heightened adoption. Historical trends indicate that these changes can lead to surging demand for crypto as a stable economic alternative, heightening both local and international investment opportunities.