What is the difference between Coinbase and Coinbase Wallet?

Could you please explain the fundamental differences between Coinbase and Coinbase Wallet? I'm curious to understand how these two platforms differ in terms of their functionalities, security features, and the types of services they offer. Coinbase, as I understand, is a cryptocurrency exchange where users can buy, sell, and trade digital assets, while the Coinbase Wallet seems to be more focused on storing and managing those assets. Am I correct in my assumption? If so, could you elaborate on the specific advantages and disadvantages of each platform? Additionally, I'm interested in knowing how secure both platforms are and what measures they take to protect user funds. Thank you for clarifying these points for me.