Binance, one of the largest crypto exchanges in the world, has become one of the first Crypto trading platforms to launch in Syria after the US and European Union penalties in May.
Syrian residents can now access Binance and trade platforms to crypto assets such as Bitcoin (Btc), the company announced on Thursday.
The launch follows US Secretary of State Marco Rubio’s May 23 decision To lift penalties in Syria, followed by the EU Pag -lift All economic restrictions in the country.
“In compliance with the appropriate penalties, platforms such as Binance previously did not serve users in Syria,” Binance announced, adding that Syria was no longer classified as a forbidden country under the terms of its use in the latest relief penalties.
Spot, P2P, Futures Trading is available after KYC
The Binance’s Binance in Syria features a full accessing launch, allowing Syrians to trade at least 300 tokens, including Bitcoin, XRP (XRP), Dogecoin (Doge), Shiba Inu (Shib), Toncoin (Ton) and bitcoin cash (Bch).
All services, including spot trading, peer-to-peer (P2P) exchange, futures trading and earning programs, are only available once Binance’s users complete Meet your customer (KYC) Checks, Binance Mena Highlighting In an announcement in X.
In addition, Syrian users can use Binance Pay for seamless cross-border remittances and access to the consistent educational content in Arabic.
According to According to data from the International Monetary Fund, Syria had a population of 21.4 million in 2010, with an estimated GDP per capita of $ 2,810. According to In some estimates, up to 13 million Syrian people from outside the country until 2016.
This is a story development, and further information will be added as it is available.
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