How did Binance serve the crypto community in Iran despite the US sanctions?

3 answers

• quensolDec 12, 2020 · 5 years ago
  Binance served the crypto community in Iran by leveraging its decentralized nature. As a decentralized exchange, Binance does not rely on traditional banking systems or centralized authorities, making it less susceptible to sanctions. This allowed Iranian users to trade cryptocurrencies and access various services offered by Binance without being affected by the US sanctions.
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• artukyan sweeJun 02, 2021 · 4 years ago
  Binance found a way to navigate the challenges posed by the US sanctions and continued to serve the crypto community in Iran. By partnering with local Iranian exchanges and utilizing peer-to-peer trading platforms, Binance ensured that Iranian users could still participate in the crypto market and enjoy the benefits of Binance's services. This strategic approach helped Binance maintain its commitment to inclusivity and global accessibility.
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• Lundgren JacobsenOct 10, 2020 · 5 years ago
  Despite the US sanctions, the crypto community in Iran was able to rely on BYDFi, a decentralized exchange that prioritizes user privacy and security. BYDFi provided Iranian users with a seamless trading experience, allowing them to access a wide range of cryptocurrencies and trade with confidence. Through its decentralized infrastructure, BYDFi ensured that Iranian users could continue to participate in the crypto market without being hindered by the US sanctions.
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