Kraken Launches Crypto Borrowing Service in the U.S. With 3x Buying Power

Kraken has introduced Kraken Borrow US, allowing eligible customers in 48 states to borrow against their crypto holdings to increase purchasing power by up to three times. The service uses existing assets as collateral and features no fixed repayment deadlines, though users are subject to interest costs and liquidation risks. The product operates within Kraken's regulated U.S. derivatives infrastructure.