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    Residents of California, Massachusetts, Missouri, Montana and New Hampshire can now buy or sell Bitcoin and Ether using the new Robinhood encryption trading platform, the company said. The service will also allow investors to track 14 other cryptocurrencies, including bitcoin cash, litecoin, XRP, ethereum classic, zcash, monero, bitcoin gold and dogecoin, among others, when he first announced the new product last month, saying the move was aimed at introducing cryptocurrencies to more investors using a "democratized" platform and expanding the size of potential investors through its mobile and web-based applications.

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    Chicago-based trading firm Jump Trading, which trades cryptocurrencies for stock trading platform Robinhood, declined to comment, Bloomberg reported. People familiar with the matter said Jump began trading bitcoins in November 2017. Robinhood obtained a cryptocurrencies license from the New York State Department of Financial Services in January to purchase, sell, and store seven cryptocurrencies.

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    According to The Block's July 9 post, as a video of the Dogecoin challenge went viral in TikTok, the token's trading volume soared to $27 million on the exchanges that supported it, 22 times the average daily volume in 2020 and up 600 percent between July 6 and July 7. In addition, according to Google Trend Analysis, on July 7, "dogecoin" Google searches reached a maximum score of 100 points.