Flexline FAQ

Flexline is a crypto-collateralized fixed-term loans product offering a variety of borrowable crypto assets including stablecoins, Bitcoin and more.

You can borrow USDG, USDC, EURC, BTC, ETH, SOL, XRP and DOGE. Collateral eligible assets are consistent with those found on spot margin and are detailed here along with corresponding collateral haircuts

Borrowed funds are credited immediately to your main wallet. With sufficient collateral, you can hold them, trade, move them to Kraken Futures (where available), use them in Earn, or withdraw them.

All verified clients in eligible geographies can use Flexline. Flexline is not available in Australia, Brazil, Canada, India, United Arab Emirates, the United Kingdom. Clients located in the United States of America will require ECP status.

For more information regarding geographic restrictions for Flexline, check here.

Yes, minimums apply depending on the market. This is roughly USD $5 worth.

Flexline loans are subject to inventory available. In addition, borrowed funds are also counted towards one’s margin allowance limit.

Yes, Flexline is available on Kraken Pro Web and the Kraken Pro App.

View our support article on viewing open, active and closed loans here.

Once a loan has been opened, the borrowed asset currency, maturity date, interest rate, and amount cannot be changed manually. The loan amount owing will be automatically withdrawn from your main wallet at maturity of the loan. If there is insufficient quantity of the loan currency in your main wallet, other assets will be converted to cover the repayment.

You can also terminate a Flexline early, subject to a fee. Learn more here.

Yes, using Flexline entails some risk of liquidation if your portfolio values decrease below margin call levels. For more information see here.

A one-time origination fee is charged when the Flexline loan is opened. In addition, interest fees are applied every 4 hours throughout the life of the loan.

No, liquidation events do not charge additional fees. However there may be a fee associated with converting assets into the borrowed currency if there is insufficient quantity. To learn more, see here.

No, loans maturing at their scheduled maturity are not charged additional fees. The borrowed asset currency will be automatically deducted from the main wallet at expiration. However there may be a fee associated with converting assets into the borrowed currency if there is insufficient quantity. To learn more, see here.

To avoid unnecessary conversion fees, consider executing an order for the required type and amount of funds before expiration day.

Yes. You’ll receive a notice 1 day before the Flexline loan is due, plus margin call and liquidation notices if collateral value drops.