Why Is Everyone Talking About Coinbase Stock?

Coinbase (NASDAQ: COIN) has been a hot topic over the past month. The cryptocurrency exchange provider's stock rallied in mid-August after its big earnings beat, while rising prices for Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and other cryptocurrencies amplified those gains.

El Salvador's adoption of Bitcoin as one of its national currencies in early September attracted even more bulls, but the abrupt threat of a lawsuit from the Securities and Exchange Commission (SEC) ended that rally. Let's unpack all those events, and see how they impact Coinbase -- and if its stock is still a worthy investment.

Image source: Coinbase.

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Source Fool.com