Is Bybit legal in Germany?

Could you kindly provide some clarity on the legality of Bybit in Germany? I've been hearing a lot about this cryptocurrency exchange platform but am unsure about its status within the German legal framework. Would it be permissible for German citizens to use Bybit for their cryptocurrency trading activities? Also, are there any specific regulations or restrictions that German users should be aware of while utilizing this platform? Thank you for your assistance in clarifying this matter.