Financial Innovation

Table 2 Correlation matrix of cryptocurrency and African stocks

From: The implication of cryptocurrency volatility on five largest African financial system stability

	DBTC	DETH	DXRP	DSAFRICA	DNIGERIA	DKENYA	DEGYPT	DMOROCCO
DBTC	1
DETH	0.683	1
DXRP	0.475	0.525	1
DSAFRICA	0.274	0.331	0.201	1
DNIGERIA	0.263	0.276	0.190	0.170	1
DKENYA	0.274	0.261	0.010	0.233	0.295	1
DEGYPT	0.093	0.081	− 0.041	0.058	0.139	0.216	1
DMOROCCO	0.111	0.112	0.096	0.296	0.278	0.070	0.068	1

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