Kraken said that Flexline is now available to ECP-qualified Kraken Pro users in 40 U.S. states and Washington, DC. The blog says Flexline lets eligible users borrow against crypto collateral without selling their positions.
The rollout affects sophisticated U.S. clients seeking capital access while keeping assets on Kraken. Kraken said the fixed-rate loans run from 2 days to 2 years, accept 48 crypto assets and 6 fiat currencies as collateral, and require a 75,000 USDC equivalent minimum loan size, or 100,000 USDC equivalent in Delaware and Minnesota.
The next point to watch is borrower uptake and risk management once clients begin using the dashboard. Kraken said APRs are shown before confirmation and collateral may be liquidated if values fall below threshold, making loan monitoring the practical safeguard after opening Flexline.
Source: Kraken Blog.
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