What is the meaning behind Kraken?

Could you elaborate on the significance or meaning behind the name "Kraken"? Is it derived from a particular mythological creature or does it hold a special significance within the world of cryptocurrency and finance? Understanding the roots of a company's name can often provide valuable insights into its values and vision. Does "Kraken" hold any particular symbolism or does it simply serve as a unique identifier? I'm curious to learn more about the story behind this intriguing name.