TL;DR

• Kraken Flexline is a fixed-rate, crypto-secured term loan offered directly by Kraken that allows clients to borrow against their crypto holdings without selling them. Loan terms range from 2 days to 2 years at fixed rates of 10–25% APR, with funds usable on Kraken Pro for trading or withdrawable off-platform (subject to limits). It supports multi-asset crypto collateral and is designed for traders, long-term holders, and crypto-native businesses seeking predictable liquidity.
• Kraken Flexline is distinct from both margin trading and DeFi lending. Unlike margin trading — which is variable-rate and optimized for short-term, high-frequency speculation — Flexline offers fixed rates, defined repayment schedules,…