According to Kraken’s official announcement on Feb. 25, Flexline offers fixed borrowing costs and transparent terms, letting Kraken Pro users deploy loan funds on-platform or externally, with collateral covered by its Proof of Reserves.
On Feb. 25, Kraken officially announced Flexline, a collateral-based lending service for Kraken Pro users. The product enables traders to borrow against existing digital assets with fixed borrowing costs and clear terms, use loaned funds within Kraken or externally, and have collateral stored in secure wallets included in Kraken’s Proof of Reserves system.