Revolut Faces Major Disruption as Google Cloud Outage Affects Crypto Trading

Revolut customers experienced significant disruptions on Tuesday morning as they reported missing portfolio balances in both crypto and stock investments. Users expressed frustration over blank investment screens amid a major outage impacting the financial platform.

According to Revolut’s official status page, cryptocurrency and stock trading services were partially unavailable, with reports of issues coming from various regions, including Portugal and France. In a Portuguese Reddit discussion, one investor noted that while their crypto and ETF holdings were visible, attempts to execute transactions resulted in errors. Another user in France reported problems specifically with Revolut X, the company’s dedicated cryptocurrency trading platform.

The full extent of the disruption remains unclear, as Revolut has not disclosed how many investors are affected. The company acknowledged the service disruption on social media, assuring customers that their funds and data are secure while engineers work to resolve the issues.

This outage appears to be linked to a significant Google Cloud disruption in London, which began at 7:08 a.m. Lisbon time. Google reported widespread service errors and intermittent network failures in its European infrastructure. A source familiar with the situation indicated that Revolut's problems were connected to this cloud outage.

The incident highlights the reliance of crypto investors on centralized financial platforms and their technology providers. In addition to trading issues, Revolut customers reported failed card payments and inaccessible bank accounts across Europe.

As Revolut works to restore services, the duration of the outage may influence whether crypto traders continue to trust such centralized neobanking platforms for managing their assets.