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

This year could bring the stock-market debut of crypto exchange Kraken, which was recently valued at $20 billion.

From The Wall Street Journal

The platform’s traction is growing: In late 2025, Kraken reported its tokenized equities business surpassed $10 billion in total transaction volume.

From MarketWatch

Kraken has moved to consolidate its tokenized equities stack by acquiring Backed, the issuer behind its xStocks products.

From MarketWatch

The bank also has made a push into crypto dealmaking, advising trading platform NinjaTrade last year in its $1.5 billion sale to cryptocurrency exchange Kraken.

From The Wall Street Journal

Exchanges, such as Coinbase, Crypto.com, and Kraken, sat snugly next to traditional finance tied to the dollar, so criminals largely avoided them.

From Barron's