Kraken Launches US Crypto Borrowing With Up To 3x Buying Power

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Kraken has launched Kraken Borrow US for eligible customers in 48 states. Users can borrow against supported assets to buy additional crypto, with total buying power of up to three times eligible collateral value. The product has no fixed repayment deadline or minimum payment, but interest and liquidation risk still apply. **ID:** B25-01 **Site:** Bitcoinist **Status:** READY **Author:** Bitcoinist Editorial Team **Focus Keyword:** Kraken **Image Keyword:** Lending **Category:** Technology **Tags:** Kraken, Borrowing, Crypto, Lending, US **Primary Source:** https://blog.kraken.com/product/kraken-borrow-us Borrowing Only Kicks In After Cash Is Used Kraken’s model is designed so a customer’s available cash is spent first. Borrowed funds cover the portion of a purchase that exceeds the user’s USD balance. The amount available depends on the value and eligibility of assets held as collateral, with total buying power reaching as much as three times the value of eligible holdings. Kraken says users see the trade fee, borrowing fee and daily interest cost before confirming a transaction. Th...