Many beginners get confused by these letters when looking at charts on exchanges. Today, let's briefly explain the common units used in exchanges.

Actually, these units are just simplified representations of large numbers to help us read data quickly. The most basic is 1K, which stands for 1,000, or a thousand. Moving up, 1M means 1,000,000, which is a million. Next, 1E represents 100 million, which is an hundred-million level number. 1B stands for 1 billion, often seen when looking at total market capitalization.

If you see the unit 1T, that means 1 trillion, or 1,000 billion. This number scale usually appears in the total market cap of the entire market or in some very large crypto assets. For example, Bitcoin's total market cap is sometimes expressed as 1T.

Once you understand these units, you'll be able to interpret data more quickly when looking at candlestick charts, checking the 24-hour trading volume of trading pairs, or comparing the scale of different assets. Next time you see these letters on an exchange, you won't need to convert—they'll give you a rough idea of the magnitude at a glance.