Even though many people see Binance as trying to monopolize the space, I see it as they're thinking as entrepreneurs whereas their competitors are "sleeping." And with that, they'll really reign for long.
binance didn't trying to monopolize crypto currency market.they recognized it due their platform has huge liquidity and trading volume that needed by every coins.traders prefer using this exchanges due many factors , not only about trading volume but also their secuirty to recover money after hacking case.
Even before the hack, they already have a lot of users, in fact we can see it in the total daily trading volume which sometimes will reach over a billion dollars. That's a lot of money, without trust, people will not risk their money in Binance, I think at this stage of the industry, Binance is really the most popular and the most trusted exchange in crypto.