Does Binance allow arbitrage?

Could you please clarify whether Binance, as a prominent cryptocurrency exchange platform, facilitates or enables arbitrage opportunities for traders? Arbitrage, essentially the simultaneous buying and selling of an asset on different markets to profit from price discrepancies, is a popular strategy among traders. Does Binance's liquidity, diverse range of trading pairs, and advanced trading tools create an environment conducive to executing arbitrage trades? Alternatively, does the platform impose any restrictions or regulations that may hinder arbitrage activities?