WuBlockchain
Cobo will shut down its Cobo Wallet App on Dec. 1 as part of a strategic business adjustment. Users must withdraw all assets by Nov. 30 at 11:59 PM (UTC+8).
Why it matters
Any assets left in the app will incur a monthly management fee of 2%, subject to a minimum charge of $100. For accounts holding less than $100, Cobo says the entire remaining balance will be deducted.
Market impact
The first fee will be charged on Jan. 1, 2027, and will continue until assets are withdrawn or depleted. The closure affects the Cobo Wallet App, while Cobo's other businesses will continue operating normally.
Source: [关于 Cobo Wallet App 关闭服务及资产转出安排的公告](https://www.cobo.com/zh/post/Cobo-Wallet-2026-10-15-1406)
Frequently asked questions
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When will the Cobo Wallet App shut down?
Cobo says the Cobo Wallet App will shut down on Dec. 1 as part of a strategic business adjustment.
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What is the deadline to withdraw assets from Cobo Wallet?
Users must withdraw all assets by Nov. 30 at 11:59 PM (UTC+8).
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What fee applies to assets left in Cobo Wallet?
Remaining assets will incur a monthly management fee of 2%, with a minimum charge of $100.
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What happens to Cobo Wallet accounts holding less than $100?
Cobo says the entire remaining balance of accounts holding less than $100 will be deducted.
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When will Cobo begin charging the management fee?
The first fee will be charged on Jan. 1, 2027, and fees will continue until assets are withdrawn or depleted.
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