You often see beginners asking what these letters on the exchange represent, so today I will summarize this basic knowledge.

Actually, the counting units used by exchanges are just a few. Once you master them, you won't be confused when looking at market data. What is 1k? It’s 1k, which is the most basic unit. Then 1M stands for 1 million, 1E represents 100 million, 1B stands for 1 billion, and finally 1T represents a trillion.

Let me give you an example: if a certain coin's trading volume shows 500K, that means a trading volume of 500k. If you see a project’s total market value marked as 2B, that’s 1k. Once you understand the basic concept of what 1k is, other deductions become very easy.

These units are used very frequently on exchanges, especially when looking at candlestick charts, checking trading volume, or comparing market caps. Different exchanges may display them differently, but this set of counting logic is universal. I recommend that beginners memorize these units so they don’t have to convert for a long time every time they look at data. Being able to read market data directly feels much better.