As well as going far beyond FAT32's 4TB maximum file size and 8TB partition size limits, exFAT is also optimized for flash drives, which includes thumb drives and external storage devices.

But both exFAT and NTFS have much greater limitations. exFAT can support up to 128 petabytes for both file size and partition size, which is a really large number.

Mac 911 How to format a USB thumb drive for both Mac and Windows The Mac/Windows-compatible ExFat format allows larger file sizes than the old FAT32.