Cobo to shut down Cobo Wallet app on December 1

Users have until November 30 to withdraw their assets before a 2% monthly management fee kicks in Cobo is pulling the plug on its consumer wallet. The Cobo Wallet app will permanently stop operating on December 1, 2026, at 00:00:00 UTC+8. Users who still keep crypto in the app have a firm deadline: withdraw everything by November 30, 2026, at 23:59 UTC+8. Anyone who misses it will start paying to leave their coins behind. The company announced the closure on October 16, 2026. It cited a strategic business adjustment. After the November 30 cutoff, Cobo will charge a monthly account management fee of 2% on whatever assets remain in the app. The fee is calculated against the original tokens.

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