Cobo Wallet sets Dec. 1 shutdown with $100 minimum monthly fees

Cobo has announced that its consumer wallet app will close on Dec. 1, 2026, with users required to withdraw their assets before the shutdown or face monthly account management fees starting at $100. Dec. 1 marks the consumer app’s closure, with withdrawals required before midnight UTC+8. Monthly fees will equal 2% of remaining assets, subject to a $100 minimum. Jan. 1, 2027, is the first scheduled deduction date, covering December’s account management fee. Cobo says the closure covers its consumer app, which stopped accepting registrations in 2021. Cobo’s shutdown notice, dated Oct. 15 and displayed on its website on Oct.

Source: crypto.news