We have found one software suitable in our database for this conversion.
Several file archiving programs like the IZArc or similar also support the BIN binary image format, that was in the past often used for CD disk images (.bin).
This means you can actually handle the .bin file much like any other compressed archive and extract the contents should you need it. After that you can repack it to ZIP, or any other suitable file archive format, but it won't work as disk image anymore.
Updated: June 27, 2023
BIN
Files with bin extension are often found as CD/DVD backups similar to ISO. A bin file is a identical copy of data stored on the physical disk. Often each bin file also has its cue counterpart that allows various virtualization or burning software to work with the image.
ZIP
Files with zip is associated with the WinZip compression tool. ZIP file is compressed archive container that contains archived files, compressed in ZIP compression format. Common archive format that can be extracted with any archiving tool.