Yesterday, someone asked me how much 1k is on the exchange, and I noticed many people also get confused about this. Actually, it's quite simple; it's just abbreviations.

When looking at charts or examples, 1k = 1k, 1M = 1 million, 1E = 1k (also called 100 million), 1B = 1 billion, and 1T = 1 trillion. It's easy to remember: 1k is how many units, then that number is just that many thousands. Each step up increases by a multiple.

When trading or viewing volume, you'll see these numbers appear constantly. Understanding this calculation helps you avoid confusion when looking at data. I see quite a few newcomers to this field get confused with these symbols, so I’m sharing this for anyone who needs to know.