Revolut Hit by Google Cloud Outage: Crypto Trading Stumbles
The outage also hit Revolut X and stock trading, while Google Cloud problems in London disrupted multiple European services. The blockchain networks themselves were not affected.
Key Takeaways
- Revolut customers saw empty crypto and stock wallets and error messages on Tuesday morning because of an outage in trading services.
- The outage was likely tied to a major Google Cloud outage in London that affected European services.
- Revolut says customer funds and data are safe and that engineers are working on a fix.
Revolut customers who tried to check their crypto and stock positions on Tuesday morning were met with empty wallets and error messages. The outage hit part of the financial app’s trading services at exactly the time when crypto moves 24 hours a day and customers want to be able to check or adjust their positions quickly.
Trading Partly Unavailable
Revolut’s official status page confirmed that cryptocurrency and stock trading were partly unavailable. In Portugal, the company reported 31 affected services. Reports also came in from outside that market. One user in a Portuguese Reddit discussion said crypto and ETF positions were visible, but transactions failed as soon as he tried to do anything.
Another customer in France reported problems with Revolut X, the company’s separate trading platform for crypto. The exact size of the outage remained unclear. Revolut has not confirmed how many investors were unable to place orders.
Google Cloud Hits European Services
The outage appears to be linked to a major Google Cloud outage in London, which started at 7:08 a.m. local time in Lisbon. Google reported broad service errors and occasional network problems in its European infrastructure. According to a person familiar with the situation, whom Reuters spoke with, Revolut’s problems were tied to that cloud outage.
There is no sign that Bitcoin, Ethereum, or other blockchain networks themselves went down. The incident mainly shows how much access to crypto still depends on centralized financial platforms and their technical vendors. That makes outages like this relevant for European crypto users, especially since banking services, card payments, and transfers in multiple countries were also affected by the same outage. That’s similar to how crypto exchanges are increasingly starting to look like broader financial apps: the more services come together, the bigger the impact when the infrastructure breaks down.
What This Means for Users
Revolut says customer funds and data are safe and that engineers are working on recovery. No estimated fix time has been given yet. For users, the main takeaway is that an outage at a major provider doesn’t just affect the app, but also the moment when someone wants to move crypto, sell it, or just check it for a second.
