Cobo Wallet to Shut Down Consumer App on December 1 With $100 Minimum Monthly Fee
Photo: TheNewsCrypto
Digital asset custody provider Cobo will permanently shut down its consumer-facing wallet app on December 1, 2026, giving existing users until the end of November to withdraw their cryptocurrency. Users who leave assets in their accounts after the deadline will face a monthly management fee of 2% of their remaining balance, subject to a minimum charge equivalent to $100. According to Cobo’s official shutdown notice , the app will stop operating at midnight on December 1, Singapore time (UTC+8). The first fee deduction is scheduled for January 1, 2027, covering account management charges for December.
Source: TheNewsCrypto
