Data provider outage! Revolut Bitcoin suddenly shows "0.02 USD" ultra-low price

Author: Fenrir, Crypto City

Revolut users are shocked to see Bitcoin prices suddenly drop to zero
UK fintech company Revolut recently experienced an abnormal cryptocurrency price display event, with some users discovering that Bitcoin quotes on the platform once plummeted to $0.02, triggering market panic and community discussions. Because the price display was nearly equivalent to “zero,” many users immediately thought there was a major crash in the Bitcoin market, and related screenshots quickly circulated on platforms like X, Telegram, and Reddit.

Image source: X/@_btcd ｜ Bitcoin ($BTC) quote on Revolut once dropped to $0.02

This incident did not affect the actual market prices nor cause abnormal on-chain transactions. Revolut later issued a statement indicating that the issue stemmed from incorrect quotes from a third-party data provider, and was not due to a hacking of the platform’s internal system or liquidity problems. The company stated that its technical team quickly fixed the issue, and all price information has now returned to normal.

Third-party data anomalies expose risks of reliance on financial platforms again
Revolut explained that this abnormality mainly resulted from a temporary failure of an external market data provider, which caused incorrect prices to be synchronized to the platform interface. Since Revolut itself is not a cryptocurrency exchange but integrates multiple liquidity and data service providers, external price source issues can directly reflect on the user end.
Although Revolut emphasized that no customer assets were affected and no erroneous transaction records occurred, the market remains concerned that if similar events happen on high-leverage trading platforms, it could trigger liquidations, stop-losses, or automated trading mechanisms, leading to greater market volatility. Especially as more financial apps and banking services increasingly incorporate cryptocurrency features in recent years, this “data source dependency risk” is gradually becoming a new market concern.
Some users criticized that Revolut did not provide sufficient clear risk warnings and explanations of the abnormality at the first moment, leading to a wave of panic within the community. Others questioned whether, as the platform continues to expand its cryptocurrency services, it will need to establish more backup price mechanisms and abnormality verification processes in the future.

Fake price events in crypto markets have become frequent in recent years
In fact, similar price anomalies have occurred quite often in the crypto markets in recent years. These include API errors from exchanges, oracle failures, abnormal trades in low-liquidity markets, and delays in third-party data synchronization, all of which have caused sudden surges or drops on some platforms.
In 2024, some small trading platforms experienced extreme deviations in Ethereum and Solana quotes due to insufficient liquidity. The DeFi industry more frequently faces large-scale liquidations and arbitrage attacks caused by oracle price errors. For many fintech platforms, balancing real-time data and risk control has become a significant technical challenge.
Market experts point out that traditional financial systems usually have multi-layered price verification and circuit breaker mechanisms, but the crypto market still heavily relies on real-time APIs and third-party data aggregation services. If one node malfunctions, information can spread across many platforms and trading tools within seconds.

Revolut continues to expand its crypto business, raising regulatory concerns
At the time of this incident, Revolut was actively expanding its digital asset footprint. Over the past two years, Revolut has been rolling out cryptocurrency trading, stablecoin transfers, and Web3 wallet services in Europe, while also actively applying for more regulatory licenses to strengthen its position as a global financial platform.
However, with the European Union’s MiCA regulation framework officially coming into effect, fintech platforms offering crypto asset services will face stricter risk management and disclosure requirements. The market believes that this Bitcoin quote anomaly could further increase regulatory scrutiny on the stability of fintech companies’ crypto services.
For users, this incident also serves as a reminder that even as cryptocurrencies enter mainstream financial platforms, the underlying infrastructure still carries many risks different from traditional finance. Especially when price information, liquidity, and real-time trading systems rely heavily on third-party services, any technical error can amplify market sentiment in a short period.