Flexline operates on fixed interest rates ranging from 10% to 25% APR, with loan terms running from two days up to two years.
Crypto News
Crypto exchange Kraken has launched a crypto-backed loan product called Flexline, giving Kraken Pro users access to liquidity against their digital asset holdings without requiring them to sell. The product was announced Wednesday and is available exclusively to the exchange’s advanced and institutional user base.
Flexline operates on fixed interest rates ranging from 10% to 25% APR, with loan terms running from two days up to two years. Borrowers receive funds in crypto or stablecoins upon approval, which can then be traded on the platform or withdrawn, depending on the user’s regional eligibility.
Source link
