Is Coinbase the same as Binance?

Hello there, I'm curious about a topic that seems to confuse many newcomers in the cryptocurrency world. Is Coinbase essentially the same as Binance, or are they two distinct platforms with different functionalities and services? As both are highly popular, I'm trying to understand the key differences that set them apart, particularly for users who are just starting their journey in the crypto space. Thank you in advance for shedding some light on this question.