Cobo Wallet App will be December 1, 2026 closed, and overdue assets will incur a monthly 2%management fee
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AT A GLANCE
Cobo Wallet App will be December 1, 2026 closed, and users must transfer their assets beforehand.
Article
Cobo Wallet App will be December 1 closed, and assets not transferred by the deadline will incur a monthly 2%management fee
PANews October 16 reported that, according to an official Cobo announcement, due to a business strategy adjustment, the Cobo Wallet App will December 1, 2026（UTC+8) cease services. Users must transfer all assets before November 30 23: 59。Cobo's other businesses will continue operating as usual. After the closure, if assets remain in an account, Cobo will charge a monthly management fee of 2%on the remaining assets, deducted in the original currency, with a monthly minimum equivalent to 100 USD; if the total asset value is less than 100 USD，the entire balance will be deducted in a single charge. The first charge will occur on January 1, 2027。Cobo reminds users to replace the Cobo Wallet receiving addresses configured on exchanges, mining pools, and other platforms.
Cobo Wallet App will be December 1, 2026（UTC+8) cease services.
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Users must transfer all assets before November 30, 2026 23: 59。
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After the closure, Cobo will charge a monthly management fee on the remaining assets equal to 2%of the assets, with a monthly minimum equivalent to 100 USD。
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If the total asset value is less than 100 USD, the entire balance will be deducted in a single charge.
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The first charge will occur on January 1, 2027。
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Cobo's other businesses will continue operating as usual.
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Cobo reminds users to replace the Cobo Wallet receiving addresses configured on exchanges, mining pools, and other platforms.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
If you use the Cobo Wallet App, transfer your assets before the deadline and check whether exchanges, mining pools, and other platforms are still using old receiving addresses. Overdue accounts may be charged; when the balance is below 100 USD, the source text states that the entire balance will be deducted in a single charge.
Why it matters to readers
Failure to migrate assets promptly may incur management fees; balances below 100 USD may also be deducted in a single charge.
Beginners should first confirm that their assets have been transferred and verify the receiving addresses on relevant platforms.
Risks and unknowns
This information was relayed by PANews from an official Cobo announcement; the evidence does not provide a link to the original Cobo announcement.
The evidence does not state whether asset transfers will still be available after the closure.
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UTC+8
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