Kraken usually means a mythical sea monster from Scandinavian folklore — a giant creature said to live in the ocean and terrorize ships.

Common meanings

  • In mythology, it refers to a huge sea beast, often pictured like a giant octopus or squid.
  • In modern use, Kraken can also mean the crypto exchange company of the same name.

In simple words

If someone says “the kraken,” they usually mean a scary, powerful sea monster from legend.

Crypto meaning

If they say “Kraken” in business or finance, they may mean the cryptocurrency exchange platform.

TL;DR: “Kraken” most commonly means a legendary sea monster, but it can also refer to the crypto company.