Recently, many beginners have been a bit confused about the units used on exchanges, so today I’ll briefly discuss these basic concepts.

Actually, the unit conversions on exchanges are quite straightforward. K stands for thousand, so 1K is 1k. Then going up, 1M is one million, which is more common. Further up, 1E represents 100 million, and 1B is one billion. If you see 1T, that’s a trillion level, which is usually seen in the total market cap or trading volume statistics of some large projects.

For example, if you see a certain coin’s daily trading volume showing 1T, it means 1 trillion traded today, which is common in major cryptocurrencies. And if a project’s funding amount is listed as 1B, that means it raised 1 billion.

These units are used when looking at candlestick charts, checking market cap, or viewing trading volume, especially the large number like 1T. They are particularly important when analyzing the overall market size. Mastering these basic unit conversions will prevent you from being scared when reading market data.