Bitget has officially enabled Syrian users to have full access to its platform for overall crypto services. This comes after the recent lifting of certain sanctions by the U.S. Office of Foreign Assets Control (OFAC) that had earlier barred Syrian users from accessing financial platforms. Bitget has reacted to this policy change by removing Syria off its restricted jurisdiction list.
Since June 12, Syrian residents will be able to create an account on the Bitget platform, pass the Know Your Customer (KYC) verification, and use all the exchange services. That comprises spot trading, futures trading, peer-to-peer (P2P) transactions, and the Bitget Earn product line.
Bitget Offers Complete Suite of Services
Having eliminated the barrier to onboarding, Syrian users will be able to use all the functions of the Bitget exchange. The services involve facilities to trade cryptocurrencies, earn passive income, and gain access to centralized and decentralized financial products. The platform’s P2P service allows direct crypto trading among users, and Bitget Earn suggests organized savings products and staking.
This access has been so important that Bitget has underscored its relevance by strengthening its intention to enhance financial inclusivity across the globe. Empowering Syrian citizens to enter the digital asset economy is a smart step towards increasing the market boundaries and providing financial instruments that have been inaccessible to this territory.
Regulatory compliance and KYC Verification
Syrian users must undergo the compulsory KYC verification process to enjoy all the platform’s privileges. This is required by international compliance standards to ensure secure and visible operations. These standards assist Bitget in eliminating abuses related to the use of its services and facilitate the building of trust among international platform users.
The update is part of a series of policies that indicate the Bitget exchange is continuing to democratize access sustainably, adhering to developing international regulations. It also supports the position of crypto exchanges as a driver of financial inclusion in areas where economic and regulatory developments take place.
