kraken

[krah-kuhn]

noun

(often initial capital letter)

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

kraken

/ ˈkrɑːkən /

noun

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

Word History and Origins

Origin of kraken¹

From Norwegian

Word History and Origins

Origin of kraken¹

C18: from Norwegian, of obscure origin

Example Sentences

Kraken acquired Small Exchange for $100 million to offer event contracts and launch a U.S.-native derivatives product suite.

Read more on Barron's

Cryptocurrency exchange Kraken said it paid a $100 million for a CFTC-licensed exchange that will allow it to offer event contracts, marking the latest entrant into the burgeoning world of prediction markets.

Read more on Barron's

Kraken isn’t the only cryptocurrency firm pushing into prediction markets.

Read more on Barron's

Small Exchange, which Kraken purchased for $100 million, is a designated contract market.

Read more on Barron's

Polymarket and Kraken’s designated contract market mergers may be on hold, however, due to the government shutdown.

Read more on Barron's

When To Use

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.