Kraken's latest move into the lending market is Flexline, a product that enables users to borrow against their digital assets without having to sell them. The company claims this will allow traders to maintain market exposure while still accessing liquidity.
The rates for these loans range from 10% to 25% per annum, with fixed terms ranging from two days to two years. Borrowers can choose to receive their funds in either crypto or stablecoins that are tradable on the platform.