Kraken’s new Flexline offers Pro users fixed-rate crypto-backed loans ranging from 10% to 25% APR. This allows them to borrow against digital assets without selling.
Loans span terms from two days to two years and may be issued in crypto or stablecoins. Early repayment is permitted with potential fees. The product is unavailable in the US.
The launch aligns with a broader trend in increasing crypto-collateralized lending in traditional finance and decentralized finance, reflecting heightened market interest.
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