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

avatarfurqan anwarDec 28, 2021 · 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.

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

3 answers

  • avatarDec 28, 2021 · 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.
  • avatarDec 28, 2021 · 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.
  • avatarDec 28, 2021 · 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.