Kraken launches fixed-rate crypto loans for Pro users

Cryptocurrency exchange Kraken has launched a fixed-rate crypto lending product for its professional "Pro" users, Cointelegraph reported. The product, called Flexline, offers crypto-collateralized loans at a fixed annual rate of 10% to 25%. Loan terms range from a minimum of two days to a maximum of two years. The specific loan-to-value (LTV) ratio has not been disclosed.