Cryptocurrency News & Market Updates
Kraken Flexline is now available to ECP-qualified US users
TL;DR
Kraken Flexline, a fixed-rate, crypto-secured loan, is now available to ECP-qualified1 Kraken Pro users across 40 US states and Washington, DC.
The APR is fixed for the full term and visible before you confirm, so the cost of borrowing can be modeled with real numbers before you commit.
48 crypto assets and 6 fiat currencies are accepted as collateral, with loan terms from 2 days to 2 years and a 75,000 USDC equivalent minimum (100,000 USDC equivalent in Delaware and Minnesota).
Collateral stays on Kraken throughout the term; capital can withdraw off-platform to a linked bank account or stay on-platform to trade, stake, or manage positions.
A third path, beyond sell or hold
Flexline is a fixed-rate loan secured by crypto you already hold on Kraken, available to ECP-qualified users in 40 US states and Washington, DC.2
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