Overview
- Flexline offers fixed loan terms from two days to two years with APRs of 10% to 25% and near-instant funding in crypto or stablecoins, though loan-to-value ratios were not disclosed.
- Borrowers post supported assets as segregated collateral that is included in Kraken’s Proof of Reserves and is not rehypothecated.
- Kraken can liquidate collateral if maintenance requirements are breached or loans are not repaid at maturity, and early repayment is permitted but carries a fee.
- Availability is limited by regulation, with the service unavailable in the United States, the United Kingdom, Canada, Australia, Switzerland, the United Arab Emirates, Brazil, India, and New Zealand.
- The product targets active, advanced, and institutional traders seeking liquidity without selling holdings, with proceeds deployable on Kraken Pro or withdrawable where eligible.