# Cobo Wallet App Will Close Dec. 1 With a Nov. 30 Transfer Deadline

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/33608
Published: 2026-10-17T00:41:39.000Z
Updated: 2026-10-17T00:41:39.000Z
Section: Business

> Balances left in the app after shutdown will incur a monthly 2% management fee, with a minimum charge equivalent to $100.

Cobo will close its Wallet App on Dec. 1, 2026, requiring users to move their assets by Nov. 30 and update saved receiving addresses on other platforms.

The deadline applies to users who still rely on the app to store assets or receive transfers. They should update any Cobo Wallet receiving addresses saved on other platforms before the service ends.

Assets left in the app after shutdown will incur a monthly management fee of 2% of the remaining balance, calculated in the relevant asset denomination. The minimum charge is equivalent to $100 per month. Users who do not transfer their assets before the app closes will be treated as having accepted the fee terms.

The closure follows a change in business strategy.