Kraken Introduces Leveraged Buying with New Borrow Feature
Kraken Exchange has introduced a new feature that allows users to buy cryptocurrencies beyond their available cash balance by utilizing Kraken Borrow for additional purchasing power.
This service draws from an account holder's cash balance first and then automatically taps into Kraken Borrow, giving users the ability to acquire more digital assets without needing to liquidate existing holdings.
The move aims to offer greater flexibility for active traders and long-term investors as competition among digital asset platforms intensifies.