Recently, I’ve noticed that many beginners get a bit confused when looking at these units on exchanges, so I’ll clarify them for everyone.

The most common units in exchanges are: K, M, E, B, T. What do these represent in terms of magnitude? The simplest is 1K, which equals 1k—most people know this. Next, 1M is 1M, or 1k times 1K. Going higher, 1E stands for 100 million, which is often seen when looking at market cap or trading volume.

For even larger numbers, 1B is 1 billion, used when discussing project funding or large transfers. Finally, what about 1T? 1T equals 1 trillion, which is ten times 100 billion. Many people might be a bit overwhelmed when seeing 1T, but it simply refers to the trillion level.

How are these used in actual trading? For example, if a certain coin’s market cap is listed as 5B, that’s 5 billion USD. If the trading volume is 2T, that’s 2 trillion units of some currency. Once you understand these conversions, it’s easier not to be intimidated by big numbers when viewing data on exchanges, and you can also judge market size more quickly. These units are just simplified expressions to make large numbers easier to understand.