Revolut Crypto Price Glitch Shows Bitcoin at 2 Cents, Disruption Resolved
Revolut users saw Bitcoin priced at 2 cents Friday due to a third-party data provider failure that briefly affected multiple cryptocurrencies on the platform. The company confirmed the disruption and said it was resolved within hours.
Key Takeaways
- 1## The Glitch and User Reports Revolt users reported seeing Bitcoin listed at 2 cents on Friday, accompanied by similarly distorted prices across XRP, Solana, and other tokens displayed in the app.
- 2Screenshots spread across social media showing the wildly inaccurate valuations, prompting speculation and confusion among customers checking their holdings.
- 3## Revolut's Response Revolt acknowledged the problem in a public statement Friday, saying its engineering team was working on a fix and directing customers to check the company's status page for updates.
- 4A company spokesperson later confirmed the disruption stemmed from a service failure at an unnamed external pricing provider.
- 5Revolut said it was still evaluating the full details of what caused the outage but characterized it as resolved.
The Glitch and User Reports
Revolt users reported seeing Bitcoin listed at 2 cents on Friday, accompanied by similarly distorted prices across XRP, Solana, and other tokens displayed in the app. Screenshots spread across social media showing the wildly inaccurate valuations, prompting speculation and confusion among customers checking their holdings.
Revolut's Response
Revolt acknowledged the problem in a public statement Friday, saying its engineering team was working on a fix and directing customers to check the company's status page for updates. A company spokesperson later confirmed the disruption stemmed from a service failure at an unnamed external pricing provider. Revolut said it was still evaluating the full details of what caused the outage but characterized it as resolved.
Pricing Data Dependencies
The incident underscores how retail crypto platforms depend on third-party data feeds for real-time price information. While the glitch lasted only minutes, it highlighted a potential failure point in the infrastructure chain between price sources and end-user interfaces. Revolut did not name the affected provider or provide a timeline for how long prices remained distorted before correction.
Why It Matters
For Traders
Brief pricing glitches on retail platforms typically do not execute real trades, but traders should verify actual market prices on multiple sources before acting on app displays.
For Investors
Data feed outages are infrastructure risks for custodied holdings; this incident illustrates why some prefer self-custody or direct exchange access.
For Builders
Wallet and trading app developers should implement price-feed redundancy and circuit breakers to prevent wildly inaccurate quotes from reaching users.
