What are the units like 1k, 1m in exchanges? Quickly understand numerical symbols

In cryptocurrency exchanges, we often see abbreviations like 1k, 1m, 1e, 1b, 1t, which are used to quickly represent large numbers. Mastering these units is important to help you understand market data, trading volume, and price changes more quickly.

Common Units on Exchanges

The basic conversions are simple:

1k = 1,000 (thousand)

1m = 1,000,000 (million)

1e = 100,000,000 (hundred million)

1b = 1,000,000,000 (billion)

1t = 1,000,000,000,000 (trillion)

These abbreviations appear in trading pairs, volume, market cap, and other fields on exchanges. For example, if a coin’s daily trading volume shows “5.2m,” it means the trading volume was 5.2 million, or 5.2 million dollars.

Tips for Remembering the 1k Unit

Understanding 1k is fundamental; other units are multiples of 1k. 1k equals 1,000, and each step up multiplies by 1,000:

• 1k (thousand) = 1,000
• 1k × 1,000 = 1m (million)
• 1m × 1,000 = 1b (billion)
• 1b × 1,000 = 1t (trillion)

By grasping this progression, you can instantly interpret any numerical abbreviation you see on exchanges, greatly improving your trading efficiency.