Fig. 5
From: Heterogeneity in the volatility spillover of cryptocurrencies and exchanges
Exchange volatility connectedness network for 6 coins based on Diebold and Yilmaz (2012). Notes: This figure shows the exchange volatility connectedness network for 6 coins in the time domain. The red node in a network denotes the net emitter, the green node denotes the net receiver. The size of the node represents the magnitude of a net emitter to other exchanges, or a net receiver from the others. The thickness of the directional arrows denotes the magnitude of the net pairwise directional volatility connectedness