i remember the famous exchange in the past , the Mt.Gox in which the biggest and strongest exchange that time.
it is like Titanic that named will never drowned but wat happened? now becomes only a History.
I'm not saying Binance will scam but what i wanna impose is never trust exchange of your coins overnight, just trade and take out after.
It's because that Mt.Gox has been hacked but if it wasn't, I think that they'll still be able to be a competitor with other exchanges. There's also cryptopia that has been popular but also was hacked. Binance has to learn from these exchanges and also others that haven't been hit by a huge hack but still lied-low because of their poor management.