ELI5: Explain Like I'm 5

Kraken

Kraken is a special computer program that helps people trade digital currencies like Bitcoin, Ethereum, and others. Just like a piggy bank where you keep your money, people keep their digital money in something called a digital wallet. Kraken makes it easy for them to buy, sell or exchange digital currencies just like you can exchange your pencils or toys with your friends.

Kraken is also like a special kind of game that you can play on the computer because the program tells you how much digital currency you can buy or sell and at what price. It also shows you a chart that tells you how the price of the digital currency has changed over time.

But, just like you need a grown-up to help you with your piggy bank, people should be careful when using Kraken and make sure they understand how it works before using it. This is because buying or selling digital currencies can be tricky if you don't know what you are doing and you might lose your money if you're not careful.
Related topics others have asked about: