#XRPETF Peter Brandt is excited about the upcoming launch of futures trading for XRP (XRP) on the largest derivatives market in North America, CME Group.

On May 19, the company plans to list standard and micro futures for the cryptocurrency, which will involve purchasing 50,000 and 2,500 XRP worth $109,000 and $5,450 respectively. The contract amounts in fiat currency are set to be calculated once a day, according to the platform's base rate.

Brandt reacted to the announcement of the futures listing with a brief message: "Wow. This will be fun." Naturally, most members of the crypto community are concerned about how the launch of derivatives trading will affect the price of XRP, but Peter did not provide any comments on this matter.