Cobo Sets Dec. 1 Deadline to Shut Down Its Wallet App

TL;DR: Cobo Wallet will cease operations on December 1, 2026, due to a strategic adjustment in its business model. Users have until November 30 to withdraw their assets and update any deposit addresses linked to the application. Starting in January 2027, accounts with forgotten balances will face a 2% monthly fee, with a minimum charge of $100. B2B services, such as institutional custody and “Wallet-as-a-Service”, will continue operating normally. Digital asset services company Cobo announced this Friday, October 16, that its consumer-oriented wallet— Cobo Wallet —will shut down permanently. According to the official statement, the application will permanently cease to function on December 1, 2026, exactly at 00:00:00 UTC+8 as part of an operational redesign in its business lines.

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