Importantly it is compatible with: >=Windows XP, >=Mac OSX 10.6. Note: All benchmarks show that NTFS is much faster than exFAT. And in the large file test, it was almost the same. Apart from writing large files to the USB drive, exFAT outperformed FAT32 in all tests. Generally speaking, exFAT drives are faster at writing and reading data than FAT32 drives.
Make mine faster! FAT32 and exFAT are just as fast as NTFS with anything other than writing large batches of small files, so if you move between device types often, you might want to leave FAT32/exFAT in place for maximum compatibility. It is similar to FAT32 files system, but does not have the limits of FAT32 file system. It was introduced by Microsoft in 2006, exFAT file system can be used on flash memory like USB flash drives and SD cards.
ExFAT is the abbreviation of Extended File Allocation Table.