Kraken Launches Crypto Asset Staking Loan Service "Flexline"

Odaily News Cryptocurrency exchange Kraken has announced the launch of its crypto asset staking loan service, "Flexline." This service allows Kraken Pro traders to obtain liquidity by using their existing digital assets as collateral without having to sell their holdings. It is reported that Flexline features fixed borrowing costs and a clear terms structure. Borrowed funds can be used within Kraken or withdrawn to other trading platforms, protocols, or service providers. Collateral assets will be held in independent secure wallets and integrated into Kraken's long-running Proof of Reserves system.