Cobo Wallet App to Close December 1, 2026

Cobo says its consumer Cobo Wallet app will stop operating at midnight UTC+8 on December 1, 2026, and has set November 30 as the deadline for users to withdraw their assets. The company says remaining balances will face monthly deductions, while its institutional custody and Wallet-as-a-Service businesses will continue operating. The shutdown applies to the consumer app, not Cobo’s broader institutional services, according to the company’s notice. Users are also being advised to replace or remove Cobo Wallet deposit addresses saved on exchanges, mining pools and other platforms, to prevent future payments from being sent to the closing service. Cobo says the monthly account-management fee will equal 2% of the value of assets left in the app, with a minimum charge equivalent to 100. The first deduction is scheduled for January 1, 2027, for the December 2026 fee. The company says subsequent fees will be deducted monthly from the remaining assets. Under the stated terms, the minimum applies when 2% of an account’s assets is worth less than 100. As a result, a balance below that minimum may be fully deducted in a single billing cycle. The fee is taken from assets held in the...