Kraken Launches US Crypto Borrowing Platform for Eligible Customers

Kraken has launched its US crypto borrowing platform, Kraken Borrow US, which allows eligible customers in 48 states to borrow against supported assets and increase their buying power by up to three times. The product offers flexibility, with no fixed repayment deadline or minimum payment required, but borrowers must still be aware of the interest and liquidation risk involved.

The new platform operates using Kraken's regulated US derivatives infrastructure and is designed so that a customer's available cash is spent first before borrowed funds are used to cover excess purchases. The amount available for borrowing depends on the value and eligibility of assets held as collateral, with total buying power reaching up to three times the value of eligible holdings.

The launch comes as US exchanges gradually widen their product range after years of regulatory uncertainty, with Coinbase pushing deeper into crypto-backed lending and regulated derivatives products expanding across multiple platforms. Kraken Borrow is another step in this shift, offering users a convenient way to amplify gains or losses by using borrowed buying power.