Kraken has rolled out Kraken Borrow US to eligible customers across 48 U.S. states, adding a new crypto-backed borrowing product to its domestic offering. The service lets users pledge supported assets as collateral and borrow funds to buy more cryptocurrency, with total buying power reaching as much as three times the value of eligible collateral. Kraken said the product operates on its regulated U.S. derivatives infrastructure and is available only to qualified customers. The company also said the service does not impose a fixed repayment deadline or a minimum payment requirement. Even so, users still face interest charges and liquidation risk. According to Bitcoinist, the launch comes as U.S. exchanges widen their product lineups after years of regulatory uncertainty. The report also noted that Coinbase has moved deeper into crypto-backed lending, while regulated derivatives products are expanding across multiple platforms.
Kraken has launched Kraken Borrow US for eligible customers in 48 U.S. states.
The product allows users to post supported assets as collateral and borrow funds to purchase more cryptocurrency. Total buying power can reach up to 3x the value of eligible collateral. The service has no fixed repayment deadline and no minimum repayment amount, though interest costs and liquidation risk still apply.
Kraken said the product runs on its regulated U.S. derivatives infrastructure and is open only to qualified customers.
According to Bitcoinist, the move is part of a broader expansion in product offerings by U.S. exchanges after years of regulatory uncertainty. The report added that Coinbase has also moved deeper into crypto-backed lending, while regulated derivatives products are expanding across multiple platforms.
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