Crypto exchange Kraken has launched Flexline, a crypto-backed loan product that allows Kraken Pro users to borrow against their digital asset holdings without selling them.

According to Wednesday’s announcement, the fixed-rate loans carry terms ranging from two days to two years, with proceeds issued in crypto or stablecoins that can be traded on the platform or withdrawn, depending on regional eligibility.

The company describes its eponymous product as “geared toward beginners and individual investors, while Kraken Pro is for advanced and institutional traders.”

Using Flexline, customers can post supported cryptocurrencies as collateral and receive funds almost instantly. Annual percentage rates range from 10% to 25%, according to…