Is Coinbase Wallet a DeFi?

Could you please clarify whether Coinbase Wallet is considered a decentralized finance (DeFi) platform? From my understanding, DeFi platforms often enable users to access financial services such as lending, borrowing, and trading without the need for traditional intermediaries like banks. Does Coinbase Wallet offer these types of services and operate on a decentralized blockchain network, making it a true DeFi platform? Or does it primarily function as a secure digital wallet for storing and managing cryptocurrency assets, without necessarily incorporating DeFi functionalities?