Does Coinbase track IP addresses?

As a cryptocurrency enthusiast, I'm always curious about the security measures taken by various platforms to safeguard user data. In the case of Coinbase, a leading cryptocurrency exchange, I'm particularly interested in knowing if they track IP addresses. Can you clarify if Coinbase keeps a record of the IP addresses of its users during transactions or other activities on the platform? This information is crucial for understanding the level of privacy and security offered to Coinbase's clients.