Revolut briefly showed Bitcoin near $0 after pricing glitch

Revolut briefly displayed Bitcoin at $0.019 on its trading platform between 7:45 and 7:50 GMT+1 on Thursday after a disruption at a third-party pricing provider, triggering push notifications that reported a 52-week low of $0.02 while actual market prices stayed near $79,000.

The erroneous price appeared for only a few seconds. Major exchanges and price trackers showed no corresponding plunge during the incident window. Revolut released a statement: “A service disruption at a third-party provider resulted in inaccurate pricing on our platform,” adding, “We can confirm that this issue has been rectified and pricing is now reflecting the market conditions. We are in the process of evaluating the details of the disruption.” The firm said trading functionality now reflects market prices.

Revolut’s in-app 24-hour charts for other major tokens, including Ethereum and XRP, also registered sharp drops on the platform at the same time, though none matched the depth of the Bitcoin display.

Push notifications prompted customers to check balances and recent trades and drew reactions on social media. One post read: “BTC ‘crashed’ to $0.02 on Revolut. For 3 seconds, I thought I was about to buy the entire supply and become Satoshi’s final boss.” Users reported the displayed price returned to normal within seconds.

Revolut offers crypto trading alongside traditional banking services to millions of customers in Europe. The company has applied for a U.S. banking license and has discussed plans for a public listing with a target valuation range between $150 billion and $200 billion; it has indicated no IPO is planned before 2028.

The company reported no losses linked to the glitch and said it is investigating the root cause with the third-party provider while monitoring systems for any further issues.