Kraken Overhauls Mobile App with Borrowing, Payment Tools and Rewards

Kraken Exchange has overhauled its mobile app to offer new features for its users. The update includes borrowing and payment tools that enable customers to borrow against their existing crypto holdings without liquidating assets, as well as participate in profit-sharing funding challenges.

The new Kraken Card allows users to pay with cryptocurrencies like cash and earn up to 2 percent back in rewards. This expansion of the product suite aims to improve access and utility in the crypto ecosystem.

Kraken Exchange has also introduced promotions, including a Williams F1 sweepstakes in Madrid for app participants, as well as a free AI Investing Guide for crypto investors seeking to leverage artificial intelligence.