Kraken announces the launch of the Flexline cryptocurrency asset-backed lending service

BlockBeats News, on February 25th, cryptocurrency exchange Kraken announced the launch of its cryptocurrency asset-backed lending service Flexline, allowing Kraken Pro traders to borrow liquidity against their existing digital assets without selling their holdings. Flexline features a fixed borrowing cost and a clear term structure, and the borrowed funds can be used both within Kraken and withdrawn to other exchanges, protocols, or service providers. The collateral assets will be held in a separate secure wallet and incorporated into Kraken's longstanding asset reserve proof-of-reserves system.