This is a new spot, i have met authors. They wanna take market cut from bitmex and offer insane bonuses if you signup now before launch.
Even if you never traded leverage its good to have an account there, even just waiting due to discounts on fees that are nowhere else to be found.
Yes, x200 leverage coming to BTC, LTC and ETH and you can get 40% fees discount.
No KYC or AML needed.