Revolut displayed the Bitcoin (BTC) price as low as $0.019 on May 8, some users claimed on X.
The price of Bitcoin showed as low as around 2 cents on the British fintech platform, which has over 70 million global users.
However, it lasted for only a brief period, and the price quickly returned to prevailing levels. It could either be a display glitch, a liquidity-linked dislocation, or an order book error, as one user claimed.
The official website of the Revolut exchange, however, tells a different story. Bitcoin’s price on the website fell below $39,900 around 03:15 A.M. EST on May 8.
The cryptocurrency was trading at $80,038.98 at the time of writing, similar to its price on other leading crypto exchanges.
We do not know if any Revolut user bought Bitcoin at any of these ridiculously low prices.
A Revolut spokesperson told TheStreet Roundtable that a service disruption at a third-party provider resulted in inaccurate pricing on its platform earlier today.
“We can confirm that this issue has been rectified and pricing is now reflecting the market conditions.”
The spokesperson added that following a process of evaluating the details of the disruption, Revolut is refunding the limited volume of customers affected with the fiat value of their mispriced transactions.
TheStreet Roundtable has asked the platform specific figures regarding the lowest price Bitcoin hit today, the number of affected customers, and the total refund amount. We will update the story if and when we receive a response.
