Binance Officially Enters Syria: Reprinting the Crypto Map of the Post-Sanctions World?

Jakarta, Pintu News – Shocking news coming from the global crypto market: Binance, one of the world’s largest digital asset exchanges, has officially launched all of its services in Syria just weeks after major economic sanctions from the United States and European Union were lifted. The move comes amid high demand for alternative financial solutions in the country that has just emerged from a prolonged conflict, where the conventional banking system is still weak and unreliable.

Binance All-In on Syria: From Trading to Diaspora Remittances

Starting June 12, 2025, Syrians have full access to Binance’s full range of products, from spot trading over 300 major cryptos such as Bitcoin (BTC), Ethereum (ETH), BNB, XRP, to futures and Peer-to-Peer (P2P) features backed by the Syrian Pound (SYP). Binance even launched a P2P transaction fee-free promotion until mid-July to encourage early adoption.

In addition to trading, Binance features an Earn program that allows users to grow their crypto assets amidst the collapse of conventional banks. Binance Pay also offers a cheap and fast remittance solution for more than 13 million Syrian diaspora around the world, overcoming the problem of expensive and slow traditional remittances. Additionally, educational content in Arabic is being promoted to encourage digital financial literacy at the local level.

The implementation of strict identity verification and global compliance is part of Binance’s strategy to ensure services in Syria comply with international anti-money laundering and financial crime prevention standards.

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Post-Sanctions Economic Opportunities: A New Blueprint for Post-Conflict Countries?

Binance’s decision to launch full-service comes on the heels of major changes in Syria-the fall of the Assad regime in December 2024, the formation of a new transitional government, and the lifting of international sanctions by the US and EU. This political momentum created a rare “legal window” for international companies, particularly in the digital finance sector, to participate in Syria’s economic reconstruction process.

Severe inflationary pressures and limited access to banking make crypto a key solution for cross-border transactions and remittances. Many parts of Syria remain untouched by formal financial services, making digital assets and DeFi a realistic option to support people’s daily needs and drive economic recovery.

However, Binance’s rapid success has also sparked debate: does the dominance of a single private company in building the foundations of a post-conflict country’s digital economy bring long-term benefits, or does it pose potential risks of unbalanced financial governance?

Competition is Intense: Bitget & Other Exchanges Ready to Compete

Binance isn’t the only one eyeing opportunities in the Syrian market. Bitget, an exchange known for its innovative trading features and community, also launched full services on the same day. Bitget offers competitive products such as spot trading, futures, copy trading, and the Earn program, with a commitment to supporting the real financial needs of Syrians still facing inflation and uncertainty.

Binance and Bitget’s move could be the start of a new wave: other platforms such as OKX, Bybit, and Coinbase might enter markets that were once avoided due to legal complexities or reputational risks. Countries in the Middle East and North Africa with partial sanctions, large diaspora populations, and weak banking systems-such as Lebanon, Iraq, or Yemen-may follow Syria’s lead in adopting crypto more seriously.

Conclusion

The launch of Binance in Syria opens a new chapter of crypto integration in the post-conflict economy. The success or failure of this blueprint will serve as a benchmark for many other developing countries looking to rebuild their financial systems in the digital age, as well as a new arena of competition between global crypto exchanges.

Also Read: Is it Time to Invest in Solana (SOL)? New ETF Fuels Speculation!

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Reference

• Cryptopolitan. Binance’s Syria launch sparks crypto blueprint for post-conflict nations. Accessed June 20, 2025.
• Featured Image: Generated by AI