ImportantCobo Wallet App to Shut Down on December 1; 2% Monthly Management Fee Will Be Charged on Assets Not Withdrawn After Deadline

Per official Cobo announcement, due to business strategy adjustments, the Cobo Wallet App will cease services at December 1, 2026 (UTC+8). Users must withdraw all their assets before 23:59 on November 30. All other Cobo business lines will continue normal operations. For accounts that still hold assets after the shutdown, Cobo will charge a monthly management fee equal to 2% of the remaining asset balance, deducted in the original denomination currency, with a minimum monthly fee equivalent to 100 USD. If the total asset value is less than 100 USD, the full remaining balance will be deducted in a single transaction. The first fee deduction will take place on January 1, 2027. Cobo reminds users to update all Cobo Wallet receiving addresses previously configured on platforms including exchanges and mining pools.

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