Kraken Launches Crypto-Backed Loan Product for Pro Users

Kraken has expanded its services with the launch of Flexline, a new fixed-rate crypto-backed loan product. The service is designed exclusively for Kraken Pro users and allows them to unlock liquidity without selling their digital assets. This move marks another step in Kraken's push into structured credit services and positions the exchange as a key player in the growing market.

Flexline offers borrowers a range of benefits, including fixed borrowing costs, predictable repayment schedules, and the ability to access capital without liquidating long-term holdings. The product operates under a clearly defined loan agreement with APRs between 10% and 25%, depending on structure and risk parameters. Collateral posted through Flexline is held in segregated wallets and is not rehypothecated.