Global Crypto Exchange Binance has announced that it is officially available to the population of Syria. This news comes in the wake of the suspension of US sanctions that were previously restricting.
Binance is now available in Syria!
For years, Syrian nationals were prevented from using platforms like Binance due to international compliance restrictions. That has now changed. Syria has now been removed from the list of banned judicial states under the terms of the use of Binance, whose population has given full access to platform services.
This step will now allow Syrian users to circulate more than 300 encrypted currencies, including Bitcoin (BTC), XRP, DOGE, Shib, Toncoin and Bitcoin Cash. According to the official statementOther features, i.e. immediate trading, futures, tricks, stablecoins, and Binance Pay, which are used in border transfers, can now be reached in Syria for the first time.
Moreover, educational content was launched in Arabic, along with local support, on the platform to ensure a smooth process on board. Binance says its goal is to make the sharing of digital assets safe, informed and comprehensive.
“This step is more than just expanded access – it reflects our commitment to financial integration,” said a Binance spokesman. “We are proud to welcome Syrian users and provide them with safe tools to move in the digital economy.”
The development comes at a critical time. Syria, with a population of about 24 million, has estimated at 8 to 15 million lives abroad, faced years of economic instability and high inflation. Many families rely on transfers sent from abroad. The inability to reach global financial platforms has long limited their options.
Interest in encryption, however, remained high. Syria ranked first among the top 10 countries in the world for online inspection in 2021, according to data from industry tracking devices. With restrictions raising, the population now has the ability to dispose of this interest and use Blockchain -based tools for personal financing, investment and transfers.
Binance stated that it will continue to invest in societal awareness in Syria. The company plans to offer educational campaigns and practical evidence to help new users understand digital assets and protect themselves from risks.
“We want to ensure that this transition is both safe and empowered,” added the spokesperson.
In its annual report at the end of the year, Binance revealed that it crossed the mark of 250 million registered users by 2024, a quarter of the road to the goal of the user that follows a billion. Pioneering encryption exchange is available in a wide range of countries, including many in Asia, Europe and the Americas and is currently available in more than 100 countries.
Also read: Binance wants to refuse to claim FTX of $ 1.76 billion
