Binance opens crypto trading to users in Syria after U.S. lifts sanctions

Binance will allow users in Syria to trade cryptocurrencies on its platform after the United States lifted sanctions on the country last month.

The exchange said Syrians now have full access to its services, including trading in over 300 tokens and stablecoins.

The company also said the Syrian pound can be used to buy and sell cryptocurrencies on the platform.

The move follows the U.S. government's decision to end sanctions on Syria, announced by President Donald Trump. Trump said the decision was made at the request of Saudi Arabia, which had pushed for the change.

A new government came to power in Syria in December after former leader Bashar al-Assad was removed. The new leadership has said it plans to improve public services and internet access as part of its recovery plan following years of conflict and international restrictions.