Revolut resolves crypto pricing glitch affecting multiple assets

Imagine checking your crypto portfolio and seeing Bitcoin priced at two cents. Not two thousand dollars. Not twenty thousand. Two pennies. That’s what Revolut users experienced on May 8 when a pricing glitch turned the platform’s asset displays into something resembling a yard sale.

The European neobank, which serves over 70 million users globally, confirmed the issue stemmed from a third-party pricing data provider. Bitcoin wasn’t the only casualty: Ethereum, Solana, and XRP all displayed dramatically incorrect values before the company scrambled to fix the problem.

What actually happened

The glitch surfaced at approximately 23:45 UTC on May 8. Bitcoin, which was trading near $79,000 on major exchanges at the time, showed up as $0.02 on Revolut’s platform. That’s a pricing error of roughly 99.99997%.

Ethereum fared slightly better in relative terms but was still wildly off, displaying under $2,200. Solana showed around $85, and XRP appeared at about $1.25. All of these figures were meaningfully below where those assets were actually trading across the broader market.

The critical detail: major cryptocurrency exchanges were completely unaffected. This was a display issue confined to Revolut’s platform, not a market-wide event. No actual price collapse occurred anywhere.

Users, understandably, did not take this calmly. Social media lit up with screenshots and panicked posts from people who had just watched their portfolios evaporate on screen. Price alert notifications fired off en masse, waking up users in European time zones with the digital equivalent of a false fire alarm.

Revolut moved quickly to address the situation, providing updates on X and confirming that the root cause was a service disruption at an external data provider. The company also delivered the most important reassurance it could: no trades were executed at the erroneous prices.

The third-party pricing problem

Revolut has not publicly identified which third-party provider was responsible for the disruption.

The resolution came relatively quickly. After the fix was deployed, Bitcoin’s displayed price rebounded above $80,000 on the platform, and Ethereum climbed back above $2,300. These weren’t actual price recoveries, of course, since the real market prices never moved. It was simply the correct data flowing through again.

In Revolut’s case, the safeguards held. The trading infrastructure apparently had enough sanity checks in place to prevent orders from executing at prices that were obviously disconnected from reality. That’s the difference between a scary-looking glitch and an actual financial disaster.

What this means for Revolut users and crypto investors

The fact that no trades executed at the wrong prices is genuinely significant. It suggests Revolut’s systems have circuit-breaker-style protections that can catch obviously erroneous data before it causes real financial harm.

For investors who use Revolut or similar platforms for crypto exposure, the takeaway is straightforward. Having a second reference point for prices, whether that’s checking CoinGecko, a major exchange, or any independent source, is cheap insurance against moments of unnecessary panic. If one platform shows Bitcoin at two cents and everywhere else shows it near $80,000, you can save yourself a few minutes of elevated heart rate.

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