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I just summarized the basic knowledge that everyone trading on the exchange must know. Many newcomers to the market often get confused with these numerical symbols.
Specifically, how much is 1B? 1B is exactly 1 billion, meaning 1 billion units of currency or some token. Along with that:
1K = 1 thousand
1M = 1 million
1E = 1B
1B = 1 billion (this is the most frequently asked question)
1T = 1 trillion
When viewing charts or discussing volume or value, you'll see these symbols appear constantly. Understanding what 1B equals and the other units will help you avoid confusion when analyzing data. I notice many beginners still confuse 1E and 1B, so remember this carefully.