Many beginners get confused when they first enter an exchange by these letters. Today, I’ll walk you through the counting units you commonly see on exchanges. There are really only a few—once you understand them, you won’t make mistakes when reading market data.

How much is 1K? The most basic one is that 1K represents 1,000, which is relatively easy to understand. Then moving up: 1M means 1 million, which is 1,000 times 1K. Next, 1E represents 100 million—something you often run into when looking at the trading volume of major coins. 1B is 1 billion, and some projects’ total market cap or large transfers may use this unit. The largest is 1T, representing the trillion scale—this generally shows up in calculations of top assets’ total market cap, such as Bitcoin.

In other words, it’s a stepped progression: thousands, millions, hundred millions, billions, and trillions. Once you get this logic, you won’t be confused when looking at the various data on an exchange. Next time you see these units on Gate or other exchanges, you’ll know what they mean.