diff --git a/src/status_im/utils/number.cljs b/src/status_im/utils/number.cljs
index 4b268fca7e..b160f3b7c2 100644
--- a/src/status_im/utils/number.cljs
+++ b/src/status_im/utils/number.cljs
@@ -1,4 +1,6 @@
-(ns status-im.utils.number)
+(ns status-im.utils.number
+  (:require [goog.string :as gstring]
+            [goog.string.format]))
 
 (defn naive-round
   "Quickly and naively round number `n` up to `decimal-places`.
@@ -13,3 +15,61 @@
   (let [scale (Math/pow 10 decimal-places)]
     (/ (Math/round (* n scale))
        scale)))
+
+(defn- caught-invalid-number []
+  (throw (js/Error "Invalid Number")))
+
+(defn- with-precision [precision input-number]
+  (gstring/format (str "%." precision "f") input-number))
+
+(defn- is-bad-number [number-string]
+  (nil? (re-find #"^\d+(\.\d{1,9})?$" number-string)))
+
+(defn- with-precision-division [numerator-num denominator-num precision]
+  (->> (/ numerator-num denominator-num)
+       (with-precision precision)))
+
+(defn- number->formatted-number [number-string precision]
+  (let [parsed-number (js/parseInt number-string 10)
+        numeric-value (if (or (neg? number-string)
+                              (is-bad-number (str number-string)))
+                        (caught-invalid-number)
+                        parsed-number)
+        million       1000000
+        billion       1000000000
+        >=-and-<      #(and
+                        (>= %1 %2)
+                        (< %1 %3))
+        unit          (cond
+                        (>=-and-< parsed-number billion js/Number.MAX_SAFE_INTEGER) "b"
+                        (>=-and-< parsed-number million billion) "m"
+                        :else
+                        "k")
+        denominator   (cond
+                        (= unit "m") million
+                        (= unit "b") billion
+                        :else 1000)]
+    (if (js/isNaN numeric-value)
+      (caught-invalid-number)
+      (if (>= numeric-value 1000)
+        (str (with-precision-division numeric-value denominator precision)
+             unit)
+        (str numeric-value)))))
+
+(defn format-number
+  "Returns the thousands in a number in kilo format
+   
+   Arguments:
+   
+   number-string (or string int) The input of value of the number
+   
+   Examples:
+   [1000 0]       -> 1k
+   [1001 0]       -> 1k
+   [10000 0]      -> 10k
+   [5000 0]       -> 5k
+   [5000 0]       -> 5k
+   [5000000 0]    -> 5m
+   [5000 0]       -> 5k"
+  [number-string precision]
+  (number->formatted-number number-string precision))
diff --git a/src/status_im/utils/number_test.cljs b/src/status_im/utils/number_test.cljs
new file mode 100644
index 0000000000..c50480d725
--- /dev/null
+++ b/src/status_im/utils/number_test.cljs
@@ -0,0 +1,27 @@
+(ns status-im.utils.number-test
+  (:require [cljs.test :refer-macros [deftest testing are]]
+            [status-im.utils.number :as number]))
+
+(deftest format-number-test
+  (testing "Positive cases"
+    (are [input-number precision expected] (= (number/format-number input-number precision) expected)
+      "100"        0 "100"
+      "1000"       0 "1k"
+      "10000"      0 "10k"
+      "11000"      1 "11.0k"
+      "11000"      0 "11k"
+      "11010"      3 "11.010k"
+      "5200000"    3 "5.200m"
+      "1000000000" 0 "1b"
+      "1110000000" 2 "1.11b"
+      "9000000"    0 "9m"))
+  (testing "Negative cases"
+    (are [input-number precision] (thrown-with-msg? js/Error #"Invalid Number" (number/format-number input-number precision))
+      js/undefined 0
+      nil          0
+      "-1"         0
+      ""           0
+      js/NaN       0
+      "1e3"        0
+      "10,2"       0
+      "6hello"     0)))