Revolut, the U.K.-based digital banking firm, underwent a glitch on Friday that jerked its user-base to a shocking halt and a state of panic. It all started after the price of Bitcoin on Revolut started to show $0.02 when the asset’s market price was around $80,000.
One of the crypto price charts on the Revolut app essentially suffered the glitch. As per reports, the snag lasted for just some time, after which the original price of BTC started to show.
The turn of events sparked major commotion among members of the crypto community on social media. The incident paved the way for fresh concerns regarding the status of Revolut’s platform-level trading infrastructure.
The users of the platform also claim to have received push notifications about BTC’s price drop.
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Source: Reddit
The Coin Headlines could not verify the price drop levels that are being reported. However, a company spokesperson reportedly told Coindesk that the glitch was a result of a service disruption at a third-party provider.
“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,” Coindesk quoted the company spokesperson as saying.
The development brought Revolut under community scrutiny just a day after one of its early investors, Max Karpis announced that the platform is in the process of spiking the prices of its premium plans in crucial European markets.
An official statement from the platform on the glitch remains awaited for now.
In March, Revolut posted its 2025 annual earnings report. The platform clocked a net profit of $1.7 billion and a 46 percent revenue hike to $6 billion. Its card payments and subscriptions-based revenue touched $1.3 billion and $936 million. The company has also been planning to ground 40 percent of its staff in India as it plans to explore the Asian market.