How safe is Binance? It has very similar setup with FTX

Binance is different from Coinbase in terms of organization structure. Coinbase is a public company that its financial status is transparent. It reports earnings every quarter where you can find out their balance sheet, cash flow, revenue, credit, the total number of issued shares, who owns how much of the shares, etc. I am not saying it's not possible for Coinbase to go bankrupt, but its financial state is not a black box.

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Instead Binance has a similar financial structure and does the similar business with FTX. The only difference is that Binance doesn't have an Almeda sitting in their backyard. They both run a CEX, issued a token that counts for a big part of their balance sheet (God knows exactly how much it counts), spent a lot of money on dealing with regulations/sovereign, advertisement and acquisitions. The both of the CEOs are pretty much same type of shady person. Most importantly, the financial state is a completely black box. Imagine that one day when BNB becomes a non liquidate asset for whatever reason, wouldn't Binance be just like today's FTX?