Kraken launches crypto asset staking loan service "Flexline"

According to official news, cryptocurrency exchange Kraken has announced the launch of its crypto asset staking loan service "Flexline," allowing Kraken Pro traders to obtain liquidity using existing digital assets as collateral without selling their positions.

It is reported that Flexline features fixed borrowing costs and a clear terms structure, with borrowed funds usable both within Kraken and withdrawable to other trading platforms, protocols, or service providers. The collateralized assets will be stored in a separate secure wallet and included in Kraken's long-running Proof of Reserves system.