Kraken introduces fixed-rate crypto loans for its Pro users
26.02.2026
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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.
Kraken Flexline: Borrow against your crypto without selling — 10–25% APR, fixed rates
Kraken just dropped Flexline — a crypto-backed loan product that lets Pro users get liquidity without dumping their bags. Post your crypto as collateral, get funds almost instantly in crypto or stablecoins, and trade or withdraw (depending on your region).
- • Fixed rates: 10–25% APR
- • Terms: 2 days to 2 years
- • Collateral held in segregated wallets + included in Kraken’s Proof of Reserves
- • Early repayment allowed (but with a fee)
- • Liquidation risk if maintenance requirements aren’t met or loan matures unpaid
Not available in: Australia, Brazil, Canada, India, New Zealand, Switzerland, UAE, UK, or US. Kraken Pro is for advanced/institutional traders — so this isn’t for beginners.
Crypto-backed lending is having a moment — exchanges, DeFi, and even TradFi are jumping in
Kraken’s move is part of a bigger trend. Coinbase recently expanded its collateralized loans to support XRP, DOGE, ADA, and LTC — letting eligible US users borrow up to $100K in USDC without selling.
Outside exchanges, US mortgage lender Rate launched RateFi — a program that lets borrowers use verified crypto holdings to meet underwriting requirements (counting crypto as reserves or even income).
DeFi lending protocols are holding ~$51.9B in total value locked (TVL), with ~$30.8B actively borrowed. Aave leads with nearly $26.9B TVL, followed by Morpho at ~$5.8B.
Institutional capital is flowing in too. Apollo Global Management ($940B AUM) partnered with Morpho on Feb. 15 to support blockchain-based lending infrastructure — and could acquire up to 90M MORPHO tokens as part of the deal.
Kraken’s launch comes a day after they announced tokenized equity perpetual futures on their regulated derivatives platform — giving non-US clients 24/7 leveraged exposure to US stock indexes, gold, and stocks like Apple, Nvidia, and Tesla.
#Coinbase#DeFi#crypto-backed loans#cryptocurrency exchanges#fixed rates
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