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Kraken Exchange has introduced a new feature allowing users to buy cryptocurrencies beyond their available cash balance by using Kraken Borrow for additional purchasing power.
This service draws from an account holder’s cash balance first and then automatically taps into Kraken Borrow so users can acquire more digital assets without needing to liquidate existing holdings. The move aims to offer greater flexibility for active traders and long-term investors as competition among digital asset platforms intensifies. Details on eligibility, collateral requirements, and rates are provided on Kraken Exchange's official platform.
Kraken Exchange previously introduced Kraken Borrow, enabling eligible users to access additional funds beyond their cash balance. The platform also rolled out the Kraken Card, which offers up to 2 percent cashback in Bitcoin or cash. Both features are part of Kraken’s ongoing efforts to expand user options and platform functionality.