Binance Empire

The Binance Exchange wants to build a blockchain empire every day by adding a new project and coin to the list. American Coinbase has now begun to list many coins to respond. does not want to lose its market share to the Binance team. everything that needs to be done here is good, but these exchanges defend the decentralized and distributed network system, but the KYC procedures bring various doubts to one's mind. Is this data actually secured or shared in open sources?