Is it safe to have a lot of money in Coinbase?

I've been hearing a lot about Coinbase and how people are storing their cryptocurrencies there. But I'm a bit worried about the safety of my funds. After all, we've seen hacks and thefts in the crypto world before. So, is it really safe to have a lot of money in Coinbase? Or are there any alternative, more secure options for storing my cryptocurrencies?