According to The Kobeissi Letter, Iran is experiencing a near-total nationwide internet blackout, with just 3% of the country currently having internet connectivity (source: The Kobeissi Letter, June 18, 2025). This disruption is likely to significantly affect local access to cryptocurrency exchanges and trading platforms, particularly for Bitcoin (BTC) and Ethereum (ETH). Traders should monitor for volatility in peer-to-peer (P2P) crypto markets and potential liquidity shifts, as Iranian traders may be unable to participate in global markets, impacting regional trading volumes and possibly influencing global BTC and ETH price movements.

According to Binance's official Twitter announcement, users in Syria can now register and participate on the Binance platform, marking a significant expansion of access to global cryptocurrency trading. This move is expected to increase trading volumes and liquidity on Binance, especially for major cryptocurrencies like BTC and ETH, as new Syrian traders enter the market. The development may also impact regional demand for stablecoins and local fiat on-ramps, creating new trading opportunities and arbitrage scenarios for active traders. Source: Binance Twitter.