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Many beginners get confused by those numerical units when looking at charts on exchanges. Today, I will clarify these common units for everyone; actually, they are not complicated.
The most common ones in exchanges are these: 1K stands for 1k, which I believe everyone knows. 1M equals 1 million, a unit especially used when viewing trading volume or market capitalization. If you see 1M, it refers to a quantity of one million.
Moving further up, 1E represents 100 million, which is used when looking at the market cap of large projects or trading pair transaction volumes. 1B is 1 billion, a unit usually seen in larger data statistics. Lastly, there is 1T, representing trillions, which generally appears when viewing the overall market size or the daily trading volume of particularly large exchanges.
Actually, the logic behind these units is very simple: K, M, E, B, T, progressing step by step upward. Next time you see these units on an exchange, you'll be able to quickly understand the specific amount. Especially for medium-sized numbers like 1M, which appear very frequently in daily trading, it's worth remembering.