Crypto exchange Kraken said its lending product, Kraken Borrow, is now available to eligible clients in the United States. Under the offering, qualifying users can access buying power of up to three times the value of their eligible assets and use that capacity to purchase additional cryptocurrencies. Kraken said the product is designed to give users a leveraged trading option that can increase the size of their positions. The exchange added that clients must check the official website link for detailed eligibility requirements and the list of available assets. The update was shared through Kraken’s official account.
Kraken said its lending product, Kraken Borrow, is now open to eligible U.S. clients.
According to the exchange, qualifying users can obtain buying power of up to 3x the value of their eligible assets and use it to buy more cryptocurrencies. Kraken said the service is intended to give users a leveraged trading option that can expand the size of their investments.
The exchange also said users need to review the official website link for detailed eligibility requirements and available assets.
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