Flexline: put your crypto to work without selling it

Kraken launched Flexline, a fixed-rate crypto loan product designed to let holders borrow against BTC, ETH and other supported assets without selling. With fixed APRs of 7–25% and terms from two days to two years (users picked up to 672-day loans in week one), Flexline offers off‑platform withdrawals, multi-asset collateral (48 assets) and predictable borrowing costs. Market impact: it can reduce forced selling pressure by enabling liquidity needs to be met without asset disposals, give traders cost certainty for multi-week positions, and provide crypto-native businesses with working capital — potentially supporting price stability and demand for BTC/ETH as collateral on centralized platforms. The product launch is bullish for holders and liquidity-sensitive traders, though it introduces credit and counterparty considerations tied to centralized custody.