Is Coinbase EVM-compatible?

Could you please elaborate on whether Coinbase, one of the leading cryptocurrency exchanges, is compatible with the Ethereum Virtual Machine (EVM)? As the EVM is the backbone of the Ethereum network, supporting smart contracts and decentralized applications, its compatibility is crucial for exchanges aiming to offer a diverse range of services to their users. Understanding Coinbase's compatibility with EVM would help potential users determine if they can utilize Ethereum-based tokens and decentralized applications through the platform. Therefore, a clear answer to this question would be greatly appreciated.