PANews reported on March 9 that according to The Block, Richard Freemanson, CEO of the secondary market trading platform Birel, confirmed that the equity of many crypto startups is currently being sold at a considerable discount on Birel.io. These startups include Alchemy, Blockchain.com, Chainalysis, Kraken, ConsenSys, Blockdaemon, CoinDCX and OpenSea. The size of the large equity offered by the above companies ranges from US$3 million to US$50 million, and the discounts vary greatly. The most notable are Blockchain.com and ConsenSys, whose equity is sold at a discount of 74% and 71% respectively from the latest round of financing. Chainalysis equity is sold at a discount of 61%, and OpenSea equity is sold at a discount of 51%. Alchemy, Blockdaemon and Kraken's equity are discounted by 31%, 30% and 9% respectively. But some companies, such as Bitcoin infrastructure company Bitfury, also sell their equity at a small premium.

Spokespeople for Chainalysis, OpenSea and Blockdaemon declined to comment. The other companies mentioned did not immediately respond to requests for comment.