Global cryptocurrency exchange Binance has launched its comprehensive trading platform in Syria amid the relaxation of U.S. and European Union sanctions. Syrian users now gain access to over 300 cryptocurrencies along with a full suite of financial services, including spot trading, futures contracts, and peer-to-peer (P2P) exchanges. Major digital assets such as Bitcoin (BTC), XRP, and Toncoin (TON) are among the supported tokens.
To meet international compliance standards, all Syrians utilizing the platform must undergo mandatory Know Your Customer (KYC) verification and follow anti-money laundering (AML) protocols. The rollout includes specialized Arabic educational resources and the integration of Binance Pay, facilitating cross-border remittances.
This expansion targets enhanced financial inclusion in Syria’s challenging economic environment by providing alternative investment avenues and remittance solutions. Binance’s entry aligns with a broader industry trend of cryptocurrency platforms penetrating historically restricted markets as geopolitical conditions shift.