Actually, many beginners get confused when looking at exchange data due to these units. Today, I'll clarify what 1K means and the common counting units used on exchanges.

The most basic is 1K, which equals 1k—everyone should know this. Then, moving up, 1M stands for 1 million—be careful not to confuse it with the million in Chinese. Next is 1E, which means 100 million; this unit often appears when looking at market capitalization or large transactions. 1B represents 1 billion and is frequently used when calculating trading volume. The largest unit is 1T, representing 1 trillion, typically used when viewing the total global market size or mega-scale assets.

Understanding these units is especially helpful when analyzing market data on exchanges. For example, if you see a trading volume of 5M for a certain coin, that means 5 million. If a project raises 1B, that’s 1 billion. Converting like this allows you to grasp market data more quickly. So next time you see a question like "What is 1K?" you can directly tell others it’s a 1k-fold relationship, and then you can extrapolate upward based on this pattern.