Cobo Wallet said its app service will be formally discontinued on Dec. 1, 2026, according to an announcement cited by BlockBeats on Oct. 16. Users are required to move all assets out of the app before 23:59 on Nov. 30 and update any Cobo Wallet deposit addresses previously set 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. It also urged users to check their on-chain holdings, receiving addresses, and withdrawal whitelist settings tied to connected platforms.
Cobo said accounts that still hold assets after the app shuts down will be charged 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 equal to $100. The announcement added that users who fail to withdraw assets before the shutdown will be deemed to have accepted that fee arrangement.
The company did not disclose a specific reason for the shutdown and did not say whether other Cobo products or institutional business will be affected.
According to BlockBeats on Oct. 16, Cobo Wallet said in an announcement that its app service will officially shut down on Dec. 1, 2026.
Users must complete all asset withdrawals before 23:59 on Nov. 30. The company also asked users to update any Cobo Wallet receiving addresses that had previously been set on other platforms.
The change will directly affect users who still use the Cobo Wallet app for asset storage and receiving payments. Those users were told to review their on-chain assets, receiving addresses, and withdrawal whitelist settings on connected platforms.
Cobo said users who do not move assets out before the deadline will incur an account management fee. If assets remain in an account after the app is shut down, the company will charge that fee on a monthly basis. The fee will be calculated in the asset itself at 2% of the account's remaining balance, with a minimum monthly charge equal to $100.
The announcement said that if a user does not complete withdrawals before the app closes, that will be treated as agreement to the fee arrangement.
Cobo did not give a specific reason for the shutdown. The notice also did not say whether other products under Cobo or its institutional business will be affected.
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