kraken

American  

[krah-kuhn] / ˈkrɑ kən /

noun

(often initial capital letter)

1. a legendary sea monster causing large whirlpools off the coast of Norway.

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kraken British  

/ ˈkrɑːkən /

noun

1. a legendary sea monster of gigantic size believed to dwell off the coast of Norway

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Usage

Why is kraken trending? On July 23, 2020, searches for kraken increased 4,782% compared to the previous week after the National Hockey League (NHL) announced its newest team in Seattle, Washington, will be known as the Kraken.

Etymology

Origin of kraken

From Norwegian

Example Sentences

And companies, including Robinhood, Kraken and Gemini, earlier this year launched tokenized stocks and exchange-traded funds for non-U.S. investors.

From The Wall Street Journal

What’s Next: Next year is expected to be big for crypto IPOs, with Kraken, BitGo, Consensys, Blockchain.com, and Ledger all potentially going public.

From Barron's

Elliot Han, chief investment officer of C1 Fund, a closed-end investment firm that has stakes in Kraken as well as other private crypto firms such as Ripple, Figment, Chainalysis, and Alchemy, told Barron’s that there would need to be “a complete meltdown” in both the crypto and stock markets to stop firms from doing IPOs next year.

From Barron's

“Additionally, Kraken has delivered within its guidance ranges across each of the past three years, giving us comfort with the prospects of Kraken executing,” he says.

From The Wall Street Journal

“The truth is this hangover trend started months ago,” said Thomas Perfumo, global economist for crypto exchange Kraken, in a note.

From The Wall Street Journal