Kraken Overhauls App with Borrow Feature and Crypto Rewards

Kraken has rolled out significant updates to its app, enhancing user capabilities and trading experiences. The new Borrow feature allows users to buy more cryptocurrencies without selling their existing holdings.

The Kraken Card is also being promoted as a compelling offer for crypto enthusiasts, enabling them to pay with cryptocurrency and earn up to 2% back.

This update reflects Kraken's commitment to improving user engagement and retention in a competitive market. The company aims to attract long-term Bitcoin holders looking to maximize their investments without liquidating their assets.