Cobo to shut down wallet app in December 2026
Singapore-based digital asset custody provider Cobo will shut down the Cobo Wallet app on Dec. 1, 2026, urging users to withdraw all funds before Nov. 30 to avoid steep monthly management fees.
Singapore-based crypto custody provider Cobo announced on Oct. 16, 2026, that it will shut down the Cobo Wallet app on Dec. 1, 2026, at 00:00:00 (UTC+8) as part of a strategic business adjustment. The platform, one of the sector's early wallet applications launched by an F2Pool co-founder, stated that its other business operations will remain unaffected and continue running normally.[1][3]
Users are required to withdraw all assets before 23:59 on Nov. 30, 2026 (UTC+8). Cobo also advised users to replace or remove any Cobo Wallet receiving addresses linked to exchanges, mining pools, or other external platforms to prevent inadvertent transfers after the cutoff.[2][3]
Assets left behind after the deadline will be subject to a 2% monthly management fee with a minimum charge of $100. Accounts with balances under $100 will have their entire remaining amount deducted in a single charge. The initial fee assessment will occur on Jan. 1, 2027, and recurring monthly deductions will continue until remaining balances are either withdrawn or completely depleted.[1][2][3]
Key facts
- Cobo will officially discontinue the Cobo Wallet app on Dec. 1, 2026, at 00:00:00 (UTC+8).
- Users have until 23:59 on Nov. 30, 2026 (UTC+8) to withdraw all funds from the app.
- Unwithdrawn assets will face a monthly management fee of 2% with a $100 minimum starting Jan. 1, 2027.
- Accounts holding balances below $100 will have their entire remaining amount deducted at once.
- Cobo is a Singapore-based custody firm whose other business lines are unaffected by the app's closure.
- Users were instructed to update or delete Cobo Wallet addresses configured on exchanges and mining pools.
Sources · 3 sources
- TB
The Block@TheBlockCoPost on X ·
THE BLOCK: Singapore-based crypto custody firm Cobo is shutting down its wallet app on Dec. 1 and telling users to move their assets out before the deadline. Funds left behind will face a 2% monthly fee with a $100 minimum, wiping out balances below $100 in one go. https://t.co/UOqwLo8dBN
Open source - CB
Crypto BriefingArticle ·
Cobo to shut down Cobo Wallet app on December 1 Cobo will shut down its Cobo Wallet app on December 1, 2026. Users must withdraw by November 30 or face a 2% monthly fee with a $100 minimum. The post Cobo to shut down Cobo Wallet app on December 1 appeared first on Crypto Briefing .
Open source - WB
Wu Blockchain@WuBlockchainPost on X ·
Cobo Wallet, One of the Early Crypto Wallet Apps Launched by F2Pool Co-Founder, to Shut Down Digital asset custody provider Cobo announced that its Cobo Wallet App will shut down on December 1 as part of a strategic business adjustment. Users must withdraw all assets by November 30 at 11:59 PM (UTC+8). Any remaining assets will incur a monthly management fee of 2%, with a minimum charge of $100. Accounts holding less than $100 will have their entire remaining balance deducted. The first fee will be charged on January 1, 2027, and fees will continue until all assets are withdrawn or depleted. Cobo emphasized that its other businesses will remain unaffected and continue operating normally.
Open source