Is it bad to keep money in Coinbase?

As a cryptocurrency enthusiast, I've often wondered: is it really advisable to keep significant funds parked in Coinbase? With the rising popularity of cryptocurrencies and the increased scrutiny of centralized exchanges, are we putting ourselves at risk by relying too heavily on Coinbase as a custodial solution? There's always a balance to strike between convenience and security, but how much of a risk am I actually taking by entrusting my hard-earned crypto to a third-party platform? And what are the alternatives that offer a similar level of ease-of-use while minimizing those risks?