Kraken Launches Flexline Crypto-Backed Loans for Pro Traders

[cryptoenthusiast]

Crypto exchange Kraken has rolled out Flexline, a crypto-backed loan product that allows Kraken Pro users to borrow against their digital assets without selling them. The fixed-rate loans range from two days to two years, with funds issued in crypto or stablecoins that can either be traded on the platform or withdrawn, depending on regional eligibility. The product is designed specifically for advanced and institutional traders using Kraken Pro.

Customers can post supported cryptocurrencies as collateral and receive funds almost instantly, with annual percentage rates ranging from 10% to 25%. Collateral is stored in segregated wallets and included in Kraken’s Proof of Reserves attestations, which verify client assets on a 1:1 basis. However, collateral may be liquidated if maintenance thresholds are breached or if the loan is not repaid at maturity.

[chainsniff]

proof of reserves but also proof of liquidation if vibes shift