How do you build a global company? The old playbook says to start in one market, dominate it, and then maybe, just maybe, expand. But what if you threw that playbook out the window? What if you built ...

One attraction of Binance, as the company grew from its 2017 founding into the biggest cryptocurrency exchange in the world, was the firm's freewheeling flouting of rules. As it amassed well over 100 ...