Does Coinbase report income to the IRS?

As a cryptocurrency enthusiast and investor, I'm curious about the tax implications of using platforms like Coinbase. Specifically, does Coinbase report income to the IRS? I understand that cryptocurrency transactions can have tax implications, but I'm not entirely clear on the specifics. Does Coinbase automatically report any gains or losses made through their platform to the Internal Revenue Service? If so, how does this process work? Are there any steps I should take to ensure I'm meeting my tax obligations as a cryptocurrency investor?