Crypto
Kraken launches fixed-rate crypto lending service for Pro users
Kraken has launched its crypto-collateralised lending service Flexline, Cointelegraph reported on Tuesday. Kraken Pro users can post digital assets as collateral and borrow for up to 2 years at fixed interest rates of 10 to 25 percent. Loans are provided in cryptocurrencies or stablecoins and can be traded on the platform or withdrawn. The service is not available in Australia, Brazil, Canada, India, New Zealand, Switzerland, the UAE, Britain and the United States.