Recently, a friend asked me what these letter units on the exchange actually mean, so I went through it for him and now I’m sharing it with everyone.

Actually, these are abbreviations for numerical units, which are especially common when viewing charts on exchanges. The most basic one is K, representing 1,000, which everyone knows. Then there is M, meaning million, which is 1,000,000. Going higher is E, representing 100 million.

What is 1B? Many people tend to confuse this; 1B is 1 billion, which is often seen when looking at large trading volumes or market caps. For example, if a certain coin’s total market cap shows 1.5B, that means 1.5 billion. Above that is T, representing trillions.

To summarize for easy memorization: K is thousand, M is million, E is hundred million, B is billion, T is trillion. My personal habit is to automatically convert these units into specific numbers when I see them, so I don’t make mistakes when viewing market data. Especially when trading, understanding these units is quite important, as it helps quickly judge the scale of the data and avoid misreading.