What is beta in Binance?

Excuse me, could you elaborate on what exactly is meant by "beta" in the context of Binance? Is it a reference to a testing phase for new features or products? Or does it have a more technical meaning related to trading or market analysis? I'm particularly interested in understanding how it affects users and traders on the Binance platform. Additionally, are there any specific benefits or risks associated with using beta features or tools on Binance? Thank you for your clarification.