Revolut users woke up to a nightmare on Friday morning. The fintech app briefly showed Bitcoin at $0.019916. Two cents. Not $79,000, which is where every other exchange had it. Push notifications told users BTC had hit a 52-week low. The in-app chart drew candles that dropped to near zero and snapped back within seconds.
It was not just Bitcoin. XRP, Solana, and even stablecoins like USDT and USDC displayed the same kind of extreme drop. Then everything went back to normal. The whole episode lasted less than a minute for most users. But screenshots were already spreading across X and Reddit before the charts corrected.
No exchange recorded a matching trade. Not one.
CoinGecko, CoinMarketCap, and every major exchange tracked by aggregators showed zero price dislocation during the incident. Bitcoin traded steadily above $79,000. The anomaly was entirely contained within Revolut’s app. That points to one of two explanations: a corrupt data feed from an external pricing provider, or a liquidity hole on Revolut’s internal pricing rail.
Ranveer Arora, co-founder of Altura and a former PwC quantitative trading lead, offered both theories. The first: a bad tick pushed through Revolut’s pricing system that briefly anchored the chart at an incorrect level. Revolut is not an exchange. It sources prices from third-party providers. A single corrupted data point could cascade through the display layer without any real trade occurring.
The second: thin liquidity. “Revolut operates with limited liquidity depth compared to a full exchange,” Arora told CoinDesk. If a sell order hit a shallow book at the wrong moment, it could sweep through available bids down to near-zero before the system recovered. This would not affect users on Coinbase, Kraken, or Binance, where order books are orders of magnitude deeper.
Some users claim orders filled at two cents. Revolut has not confirmed.
Unverified screenshots on X showed what appeared to be buy orders executed during the glitch. If real, that creates a legal problem. Did those trades reflect legitimate liquidity? Were they stale quotes that should not have been executable? Or was it a platform-side error that Revolut will need to reverse?
Revolut has not answered any of those questions. The company’s support account responded on X saying it was “currently experiencing technical issues affecting some crypto functionalities” and that engineers were investigating. No formal statement. No explanation of root cause. Affected users reported that balances and pending orders appeared unaffected, but the absence of a clear explanation is fueling speculation.
One user on X captured the mood: “For 3 seconds, I thought I was about to buy the entire supply and become Satoshi’s final boss. Then I remembered: it’s probably just a Revolut chart glitch.”
68 million users, third-party price feeds, zero transparency
Revolut serves over 68 million customers across 40 markets. It holds a MiCA license through Cyprus. It is one of the largest fintech apps offering crypto trading in Europe. And it sources its price data from external providers whose identities it does not publicly disclose.
That is the structural issue. When a crypto wallet or trading app relies on third-party feeds and does not maintain its own order book, users are exposed to pricing errors that a regulated exchange with depth-of-book data would catch before display. The same week, Amazon launched AI agent wallets with Coinbase infrastructure. The contrast is sharp: institutional-grade plumbing for bots, consumer-grade plumbing for 68 million humans.
Crypto has seen similar incidents before. Bitcoin printed far below market on Binance’s USD1 pair in December due to a thinly traded pair. Flash crashes on CEX.IO and other smaller venues have triggered cascading liquidations on platforms that reference those prices. The difference here is scale. Revolut is not a niche exchange. It is a mainstream banking app used by people who may not know the difference between a display glitch and a real crash. When those users get push notifications saying their Bitcoin is worth two cents, the damage is psychological even if no money was lost.
