Binance Opens Crypto Trading to Syrians Following U.S. Sanctions Lift

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Binance announced on Thursday that users in Syria will now be able to trade cryptocurrencies, including Bitcoin, on its platform, following the U.S. decision last month to lift sanctions on the country.

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The world’s largest crypto exchange said Syrians will have full access to its services, which include over 300 cryptocurrency tokens and stablecoins.

The group added that the Syrian pound could now be used to buy and sell cryptocurrencies on the exchange.

Last month, U.S. President Donald Trump’s administration unexpectedly announced the lifting of sanctions on Syria, where an Islamist-led government came to power in December after toppling former leader Bashar al-Assad.

Trump said the move was made at the request of Saudi Arabia, a key proponent of ending the sanctions.

Syria’s new leadership is now pushing to quickly improve public services, including internet connectivity, following 14 years of civil war and decades under Western sanctions.

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