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How to borrow assets with Flexline
Last updated: Mar 4, 2026
Borrowing through Kraken Flexline allows you to access liquidity when you need it, and on your terms. Loans can be requested in just a few clicks, and the assets are credited to your account immediately.
You decide the amount you want to borrow, the currency, and the duration of the loan. (Maximum duration of 2 years)
- 1
On the left-hand navigation panel of Kraken Pro, click Loans.
- 2
At the top of the Loans page, choose the currency you want to borrow. Flexline offers loans in USDG, USDC, BTC, ETH, and more. For this example, we will conduct a USDG loan, although the process is very similar for all currencies.
- 3
After selecting the currency you’d like to borrow, you’ll be presented with a line chart, an order form, and an information panel on the right side.
- 4
First, you’ll want to select the Loan duration. You can do this by using the slider on the chart (to visualize the annual interest rate), or, you can enter it directly in the form below the chart. In this example, we’ve chosen 200 days.
- 5
Then, enter the amount you’d like to borrow, in the Amount box. In this example, we’ve entered 50,000 USDG. At this point, we have a 200 day loan for 50,000 USDG filled out.
- 6
Now, you’ll want to ensure that you review the information panel on the right side. Here is where you can review critical information about the loan, and how it will affect your portfolio leverage.
Note: When borrowing USDG, you will have the option to Auto-convert to USD. When enabling this, your USDG loan will automatically be converted to USD (cash) instantly, at no fee. However your loan remains due in USDG and interest payments will continue to be charged in USDG. If there is insufficient quantity in your main main wallet, other assets will be converted to cover these payments.
- 7
Lastly, click Review to take a final look at the loan information. If everything looks right, and you agree to the terms, click Confirm.
- 8
That’s it! Your borrowed assets will now appear in your spot balance. You can view your balances here.
- 1
Tap on the More button in the bottom-right corner of the Kraken Pro App. Then, tap Loans in the Tools & more section.
- 2
At the top of the Loans page, choose the currency you want to borrow. Flexline offers loans in USDG, USDC, BTC, ETH, and more. For this example, we will conduct a USDC loan, although the process is very similar for all currencies.
- 3
First, you’ll want to select the Loan duration. You can do this by using the slider on the chart (to visualize the annual interest rate), or, you can enter it directly in the form below the chart. In this example, we’ve chosen 90 days.
- 4
Then, enter the amount you’d like to borrow, in the Amount box. In this example, we’ve entered 10,000 USDC. At this point, we have a 90 day loan for 50,000 USDC filled out.
- 5
Now, you’ll want to ensure that you scroll down and review the loan information. Here is where you can review critical information about the loan, and how it will affect your portfolio leverage.
Note: When borrowing USDG, you will have the option to Auto-convert to USD. When enabling this, your USDG loan will automatically be converted to USD (cash) instantly, at no fee. However your loan remains due in USDG and interest payments will continue to be charged in USDG. If there is insufficient quantity in your main main wallet, other assets will be converted to cover these payments.
- 6
Lastly, click Review at the bottom of the page to take a final look at the loan information. If everything looks right, and you agree to the terms, swipe to confirm.
- 7
That’s it! Your borrowed assets will now appear in your spot balance. You can view your balances and loan on the Portfolio tab.
The loan information panel is where important information regarding the loan you’re setting up will be displayed. It automatically updates in real-time as you enter different parameters for your loan.
On the Kraken Pro App, the information panel can be accessed by scrolling down from the loan order form.
- Auto-convert to USD: When auto-convert is enabled, borrowed stablecoins are instantly converted to USD at a 1:1 rate. Keep in mind, your loan and interest payments will need to be repaid in the borrowed stablecoin, not USD. If there is insufficient quantity in your main wallet, other assets will be converted to cover these payments.
- Loan amount: The loan amount is the total value you are borrowing in this loan. This amount determines your interest charges, required collateral, and overall exposure until the loan is repaid or terminated.
- Available to withdraw: This is the amount of the loan currency you will be able to withdraw after the loan is issued, inclusive of existing balance and loan proceeds after the origination fee. Availability depends on your collateral value and margin requirements and may change as market conditions fluctuate.
- 4hr Interest: Interest on Flexline loans is payable every 4 hours based on the amount and rate of the loan. The interest is charged in the loan currency. If there is insufficient quantity in your main main wallet, other assets will be converted to cover these payments
- Annual rate: The annual rate represents the yearly interest rate applied to your Flexline loan. While shown as an annualized figure, interest is calculated and charged in 4-hour intervals.
- Portfolio leverage: Portfolio leverage shows how your overall leverage changes if you take this loan. Higher leverage increases capital efficiency but also raises liquidation risk if your collateral value declines.
- Required Margin: Required margin is the minimum collateral value you must maintain to keep your Flexline loan open. If your equity falls below this level due to market movements, your position may be partially or fully liquidated to cover the loan.
- 1-time origination fee: The origination fee is a one-time fee charged when your Flexline loan is opened.