It's better to create a comparison between beaxy and bcnex consider bcnex is also a new exchange site, but that's very sad to see the daily volume of bcnex multiple times compared with beaxy. A comparative summary that is not released by a 3rd party can't be trusted because there is a possibility if all of the things that have already mentioned fake.
So many projects use this method. Binance is coming at the right time when so many people are looking for the trusted exchange site. CZ was launching binance at the right time. Remember about the beaxy ico has already ended when binance is still nothing
Bcnex has a great marketing. They have promotions every day. And volume on Bcnex is huge in first month. And this (at least mostly) real volume, as traffic to their site is huge as well. may be this will be new Binance.
But on Beaxy volume is 13k per 24h. They dont have any marketing.