Binance, a leading global cryptocurrency exchange, has initiated operations in Syria, following the relaxation of sanctions by the United States and the European Union. The exchange made this groundbreaking announcement on Thursday.
Until recently, Binance had enforced restrictions in Syria. With the recent policy amendments, the company now permits Syrian users to register and engage in trading.
“In line with relevant sanctions, platforms like Binance had earlier refrained from serving users in Syria,” the company mentioned. With this significant move, Binance becomes one of the first major crypto platforms to penetrate the Syrian market, enabling residents to trade in digital assets such as Bitcoin and XRP.
Binance MENA highlighted the exciting developments for its Syrian-based community, emphasizing that financial freedom should be available to all. With the lifting of US sanctions, Syrian residents can now join the 270 M+ global users shaping the future.
Syrian users can now enjoy Binance’s comprehensive suite of services, including spot trading, peer-to-peer (P2P) exchange, futures trading, and earn programs. However, users must complete Know Your Customer (KYC) checks to access these features.
