Crypto Exchange Binance Expands to Syria as US Lifts Sanctions

Move comes a month after Trump said he’ll lift sanctions
Crypto firms are drawn to favorable regulations in the region

Binance Holdings CEO Richard Teng
Photographer: Pascal Mora/Bloomberg

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By Kateryna Kadabashy

June 12, 2025 at 8:55 AM UTC

Binance Holdings Ltd., the world’s biggest crypto exchange, is opening its platform to users in Syria, a month after US President Donald Trump said he will lift economic sanctions on the country.

“After years of exclusion, Syrians now have the chance to build, invest, and connect,” Binance Chief Executive Officer Richard Teng said in a statement.