Binance has stand the test of time and to let you know, you can not just shake them much as they have a strong base in which they rely on.
Contrary to popular (ignorant) belief, Binance has been around for only 5 years (for some reason people think that they have been around much longer) so its way too early to say that they stand the test of time. If they are still around in 10 years without major hacks/problems then we can talk about it.
Binance has built a niche for itself and so therefore has always been a threat to others.
And what is that niche, because Binance meddles in almost everything crypto related.
I am not a fan of centralised exchanges but to be frank, CEX has really played a good role in Crypto accessibility in the world and binance which happens to be the biggest CEX has played a major role too.
CEX definitely played their tole in making crypto more popular, but we also shouldn't close our eyes before obvious problems and Dangers of Binance monopoly.