Crypto Exchange Binance Expands to Syria as US Lifts Sanctions

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.

Crypto companies are expanding in the Middle East, drawn by favorable regulations and rising affluence in financial hubs like the United Arab Emirates. Binance recently received a roughly $2 billion investment from Abu Dhabi’s MGX, an investment fund overseen by Sheikh Tahnoon bin ...