PANews, October 16: According to an official announcement from Cobo, due to a business strategy adjustment, the Cobo Wallet App will cease services on December 1, 2026 (UTC+8). Users must withdraw all assets by 23:59 on November 30. Cobo’s other services will continue operating as usual. For accounts with remaining assets after closure, Cobo will charge a monthly management fee of 2% of the remaining balance, deducted in the original cryptocurrency, with a minimum monthly fee equivalent to $100; if the total asset value is less than $100, the entire balance will be deducted in one lump sum. The first fee will be charged on January 1, 2027. Cobo reminds users to update their Cobo Wallet receiving addresses on exchanges, mining pools, and other platforms.
Cobo Wallet App to Shut Down on December 1, 2026, with a 2% Monthly Fee on Untransferred Assets
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Summary
The Cobo Wallet App will shut down on December 1, 2026 (UTC+8), with users required to withdraw their assets by November 30. A 2% monthly fee will be applied to untransferred funds, starting January 1, 2027. Cobo also urged users to update their addresses on exchanges and mining pools. This on-chain update impacts real-world asset (RWA) news as users adjust their holdings.
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