Why is there a $1000 limit on Coinbase?

Why does Coinbase have a daily withdrawal limit of $1000? Could you elaborate on the reasons behind this policy? I'm curious to understand the rationale for such a restriction, especially given the nature of cryptocurrencies and the expectation of seamless transactions. Is this limit applicable to all users, or does it vary based on certain criteria? Additionally, are there any exceptions or ways to increase this limit for those who require higher withdrawal amounts? It would be helpful to gain a deeper understanding of this policy and how it impacts users' experiences on the platform.