The Cobo Wallet App will be shut down on December 1, and assets not transferred out by the deadline will incur a 2% monthly management fee.

PANews October 16 news: According to an official announcement from Cobo, due to business strategy adjustments, the Cobo Wallet App will shut down its services on December 1, 2026 (UTC+8). Users must transfer out all assets before 23:59 on November 30. Cobo's other businesses will continue to operate as usual. If assets remain in an account after the shutdown, Cobo will charge a monthly management fee of 2% of the remaining assets, deducted in the original currency, with a monthly minimum equivalent to USD 100; if the total asset value is less than USD 100, the entire balance will be deducted in a one-time charge. The first fee will be charged on January 1, 2027. Cobo reminds users to replace the Cobo Wallet receiving addresses set on exchanges, mining pools, and other platforms.