Kraken Launches US Borrowing Service with Up to 3x Buying Power

Kraken Borrow US is now available in 48 states, allowing eligible customers to buy more crypto than their available USD balance. The borrowed portion only covers the amount over the customer's cash balance, with total buying power up to 3x the value of their eligible assets.

The service, which combines two transactions - a spot trade using U.S. dollars and a spot margin trade for the borrowed portion - supports 27 trading pairs on Bitnomial, all at the same 3x cap. Over 48 assets count as eligible collateral toward buying power.

Borrowing is subject to certain limitations and eligibility criteria, including that Kraken Borrow US is not available in New York or Maine, or to those with over $10 million in total investments under applicable commodities law.