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Recently, I’ve seen a lot of new traders get confused by these units on exchanges. Actually, there are only a few of them—once you figure them out, you won’t make mistakes when reading charts.
The most common counting units on exchanges are these: 1K represents 1000, and 1M is 1 million. Many people easily confuse the concept of 1m—actually, it refers to data at the million level. Next up is 1E, which equals 100 million, 1B is 1 billion, and the largest, 1T, is 1 trillion.
In real trading, you’ll find these units come in handy when looking at trading volume, market cap, or capital flow. For example, if a coin’s daily trading amount is 2B, that means 20 billion USD. If you see on Gate that a project’s market cap is labeled 1M, that means a scale of 1 million USD.
Just remember this order: K (thousand) → M (million) → E (hundred million) → B (billion) → T (trillion). The next time you look at charts, you won’t mix them up.