A naukri.com initiative
Cryptonewsz
1M
228
Image Credit: Cryptonewsz
Binance Now Available in Syria After Suspension of US Sanctions
- Global crypto exchange Binance is now available in Syria following the lifting of U.S. sanctions.
- Syrian residents can now access Binance's services to trade over 300 cryptocurrencies, including Bitcoin and XRP.
- Features like spot and futures trading, staking, stablecoins, and Binance Pay are accessible in Syria for the first time.
- Educational content in Arabic and localized support have been introduced to aid Syrian users in using the platform.
- Binance aims to promote financial inclusion and provide secure tools for Syrian users to navigate the digital economy.
- The move is significant as Syria has faced economic instability, high inflation, and limited financial options due to restrictions on global platforms.
- Syria ranked among the top 10 countries for crypto-related online searches in 2021, indicating strong interest in cryptocurrencies.
- Binance plans to conduct educational campaigns and offer guides to assist Syrian users in understanding digital assets and minimizing risks.
- In its year-end report, Binance disclosed exceeding 250 million registered users by 2024, signaling substantial growth.
- The exchange operates in numerous countries globally and is focused on expanding further to reach a billion users.
Read Full Article
13 Likes
For uninterrupted reading, download the app