Cobo Wallet to Shut Down December 1, Users Must Withdraw Assets by November 30

Closing Down the Consumer App

Cobo is pulling the plug on its consumer wallet. The Cobo Wallet app will permanently stop operating on December 1, 2026, at 00:00:00 UTC+8.

Deadline for Withdrawal

Users who still keep crypto in the app have a firm deadline: withdraw everything by November 30, 2026, at 23:59 UTC+8. Anyone who misses it will start paying to leave their coins behind.

Fee Structure

After the November 30 cutoff, Cobo will charge a monthly account management fee of 2% on whatever assets remain in the app. The fee is calculated against the original tokens. So it comes out of your coins directly, rather than being billed in cash. There is also a floor. Cobo will charge a minimum of $100 equivalent per month. If a user's remaining balance is worth less than that, the company will deduct the full amount. Put plainly, small forgotten balances will not survive the first billing cycle. A wallet holding $60 worth of tokens would simply be emptied.

Institutional Custody and Wallet-as-a-Service

Cobo was clear that the shutdown is limited to the consumer app. Its other business lines, including institutional custody and Wallet-as-a-Service, will continue operating as normal.

Anniversary Timing

The timing carries a touch of irony. Cobo celebrated its ninth anniversary on October 14, 2026, just two days before announcing that its consumer wallet would close.

What This Means for Users

For individual users, the priority is straightforward. Withdraw assets before November 30 and update every deposit address tied to Cobo Wallet. The fee structure is the part that should get people moving. A 2% monthly charge with a $100 floor effectively wipes out small balances in a single month.