Is IoTeX a Binance?

Could you elaborate on the relationship between IoTeX and Binance? Are they the same entity, or do they operate independently? If they are distinct, what are the key differences in their business models, technologies, and market positioning? Additionally, how do they compare in terms of market capitalization, trading volume, and user base? Understanding these distinctions is crucial for investors and crypto enthusiasts alike, as it provides valuable insights into the broader cryptocurrency landscape.