Is using Binance legal in Germany?

Could you please clarify for me the legality of utilizing Binance in Germany? I've been hearing a lot about cryptocurrency exchanges and Binance seems to be quite popular. However, I'm concerned about the regulations and whether it's permissible to use it in Germany. Could you provide some insight into this matter? Is Binance officially recognized and allowed to operate in Germany? If not, what are the potential risks or consequences of using it? Thank you for your assistance in clarifying this matter for me.