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Kraken Exchange has launched Kraken Borrow, a new feature that allows eligible users to spend beyond their current cash balance on its platform.
The service aims to provide traders with added purchasing power and flexibility, enabling them to capitalize on opportunities without being limited by their immediate cash holdings. Kraken Exchange continues to diversify its product offerings as competition increases among global crypto trading platforms. Details regarding eligibility and borrowing terms can be found on the company's official channels.
Kraken Exchange has expanded its offerings in recent months. The company introduced the Kraken Card, which provides up to 2 percent cashback in Bitcoin or cash and supports over 600 currencies. Kraken also secured full MiCA and MiFID compliance as new EU crypto regulations took effect. These initiatives reflect the platform’s efforts to enhance regulated trading and user incentives.