Kraken launches Borrow for eligible US customers in 48 states

Kraken announced the launch of Kraken Borrow US on September 24, 2026, opening the product to eligible customers in 48 US states. New York and Maine are excluded from availability.

The service lets eligible users buy cryptocurrency beyond their available USD balance by using eligible assets as collateral toward borrowing capacity. Kraken says buying power can reach up to three times the value of those eligible assets.

Kraken Borrow US launched with 27 supported trading pairs and more than 48 assets that can contribute to buying power. The company said additional supported assets and pairs may be added over time.

The product does not impose a repayment deadline or minimum payment. However, borrowing carries daily interest and fees, while declines in collateral value can lead to liquidation and losses that exceed a customer's initial investment.

How Kraken Borrow US works

Eligible customers can use assets held on Kraken as collateral toward additional buying power for crypto purchases. The amount available depends on the value of eligible assets, subject to Kraken's stated borrowing limits.

The launch expands Kraken's US product offering alongside exchange services such as its recent USDC deposit and withdrawal support on Arc.

• Available to eligible customers in 48 states
• Not available in New York or Maine
• Buying power can reach up to three times the value of eligible assets
• Supports 27 trading pairs at launch
• More than 48 assets are eligible to count toward buying power

Repayment and risk considerations

Kraken says customers can repay borrowed amounts with USD or by selling assets, subject to applicable fees. There is no stated repayment deadline and no minimum payment requirement.

Those terms do not remove the risks associated with borrowing against crypto assets. Kraken states that daily interest and borrowing fees apply. If asset prices fall far enough, positions may be liquidated, and a customer may lose more than the amount initially invested.

The launch gives eligible US customers another way to increase exposure to crypto assets, but it also ties borrowing capacity and liquidation risk to market movements in the assets used as collateral.

• Daily interest applies to borrowed positions
• Borrowing fees apply
• Falling asset values may trigger liquidation
• Losses may exceed the initial investment

Kraken's broader product activity

The Borrow launch follows other Kraken product updates, including the exchange's addition of GNOT funding and trading. Kraken has also continued to expand wallet-related offerings, including native DeFi Earn access and self-custody features.

For customers considering the borrowing feature, the key distinction is that increased buying power also increases exposure to price changes and potential liquidation. Users should review the applicable product terms, fees and eligibility requirements before using it.

Continue reading: Kraken's USDC deposit and withdrawal support on Arc on BTCNews.

Continue reading: GNOT funding and trading on BTCNews.

Sources

• Kraken Blog: Spend more than your cash balance: introducing Kraken Borrow for US customers

Our creator. Creates amazing NFT collections! Support the editor - Bitcoin_Man(TON) / Bitcoin Man Stickers(TON) / BM Numbers (TON) / Comics Book (TON) / Bitcoin_Man (ETH)

Pi Network (Guide)is a new digital currency developed by Stanford PhDs with over 55 million participants worldwide. To get your Pi, follow this link https://minepi.com/Tsybko and use my username (Tsybko) as the invite code.

Binance: Use this link to sign up and get $100 free and 10% off your first months Binance Futures fees (Terms and Conditions).

Bitget: Use this link Use the Rewards Center and win up to 5027 USDT!(Review)

Bybit: Use this link (all possible discounts on commissions and bonuses up to $30,030 included) If you register through the application, then at the time of registration simply enter in the reference: WB8XZ4 - (manual)