Is Monero traceable on Binance?

Could you kindly clarify for me, is the privacy-focused cryptocurrency Monero traceable when utilized on the Binance exchange platform? I've heard conflicting opinions about the matter, and I'm eager to understand the current state of affairs. Is there any specific technology or method Binance employs that could potentially expose Monero transactions to tracing? Alternatively, does Monero retain its anonymity even when traded on Binance? Your expert insight would be greatly appreciated in this matter.