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What is the meaning of 1kk in the context of cryptocurrency?

Pierre Ramy GeorgeMay 20, 2022 · 3 years ago3 answers

Can you explain the meaning of 1kk in the context of cryptocurrency? I've come across this term and I'm not sure what it refers to.

3 answers

  • May 20, 2022 · 3 years ago
    1kk is a shorthand notation used in the cryptocurrency community to represent 1,000,000. It is derived from the SI prefix 'kilo-' which denotes a factor of 1,000. So when someone mentions 1kk in the context of cryptocurrency, they are referring to 1 million of a particular cryptocurrency, such as Bitcoin or Ethereum. It's a convenient way to express large numbers without having to write out all the zeros.
  • May 20, 2022 · 3 years ago
    Ah, 1kk in the context of cryptocurrency simply means 1 million. It's like saying 'one thousand thousand'. It's a common abbreviation used to represent large amounts of cryptocurrency. So if you see someone talking about 1kk Bitcoin, they mean 1 million Bitcoins. It's just a way to make it easier to talk about big numbers without having to write them all out.
  • May 20, 2022 · 3 years ago
    1kk, also known as 1 million, is a term used in the cryptocurrency world to refer to a large quantity of a particular cryptocurrency. For example, if someone says they have 1kk Bitcoin, it means they have 1 million Bitcoins. It's a convenient way to express large numbers without having to write out all the zeros. At BYDFi, we often use this term when discussing large transactions or market movements.