How legitimate is Binance?

I'm curious to know, how legitimate is Binance really? With its growing popularity in the cryptocurrency space, I've heard mixed reviews about its security measures, compliance with regulations, and overall trustworthiness. As someone who's considering using their platform for trading, I want to make sure I'm putting my funds in the hands of a reliable and reputable exchange. Can you shed some light on the legitimacy of Binance and what sets it apart from other exchanges in the industry?