Cobo Wallet: App services will be shut down on December 1, and users need to transfer their assets in advance

Cobo Wallet announced that its App service will officially close on December 1, 2026. Users must complete the transfer of all assets by November 30 at 23:59 and update the Cobo Wallet receiving address set on other platforms.

The announcement reminds users that those who do not transfer their assets within the deadline will incur account management fees. This adjustment will directly affect users who are still using the Cobo Wallet App for asset storage and receiving payments; relevant users should promptly confirm their on-chain assets, receiving addresses, and withdrawal whitelist settings on associated platforms.

After the App service is closed, if there are remaining assets in the account, Cobo will charge a monthly account management fee. The management fee is calculated based on the asset type, amounting to 2% of the remaining assets in the account, with a minimum charge equivalent to 100 USD per month. Users who fail to complete the asset transfer before the App closes will be deemed to have agreed to this fee arrangement.

The announcement does not specify the exact reasons for closing the service, nor does it disclose whether other products or institutional businesses under Cobo will be affected.