Kraken: Launches Flexline Lending Product, Accepting Cryptocurrency as Collateral

Odaily reports that cryptocurrency exchange Kraken has announced the launch of the Flexline lending service, targeting crypto holders who lack access to traditional credit markets. Flexline offers a fixed annual percentage rate of 10%-25% and accepts cryptocurrencies as collateral, supporting scenarios such as working capital needs and proof of funds for large transactions. The product is designed for crypto-native businesses and high-net-worth individuals who find it difficult to obtain loans from traditional financial institutions using digital assets.