Cobo Wallet said it will officially discontinue its app service on Dec. 1, 2026, according to an announcement cited by ChainCatcher. Users are required to withdraw all assets before 23:59 on Nov. 30 and update any Cobo Wallet deposit addresses previously saved on other platforms. The notice said the change will directly affect users who still rely on the Cobo Wallet app for asset storage and receiving funds, and advised them to review on-chain holdings, receiving addresses, and withdrawal whitelist settings tied to external platforms. If assets remain in an account after the app is shut down, Cobo will charge a monthly account management fee calculated in the native asset, equal to 2% of the remaining balance, with a minimum monthly charge equivalent to $100. The company also said users who fail to move their assets before the shutdown will be deemed to have agreed to the fee arrangement. The announcement did not explain why the service is being closed, and did not say whether other Cobo products or institutional business will be affected.
Cobo Wallet will officially shut down its app service on Dec. 1, 2026, according to an announcement cited by ChainCatcher.
Users must withdraw all assets before 23:59 on Nov. 30 and update any Cobo Wallet receiving addresses previously set on other platforms.
The notice said the change will directly affect users who still use the Cobo Wallet app for asset storage and receiving payments. Those users were urged to verify on-chain assets, receiving addresses, and withdrawal whitelist settings linked to other platforms.
If assets remain in an account after the app is closed, Cobo will charge a monthly account management fee. The fee will be calculated in the asset itself at 2% of the remaining balance, with a minimum monthly charge equivalent to $100.
Cobo also said that users who fail to transfer assets out before the app shuts down will be regarded as having agreed to that fee arrangement.
The announcement did not give a specific reason for the shutdown. It also did not disclose whether any of Cobo's other products or institutional businesses will be affected.
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