Cobo Wallet App to shut down at year-end
- App services will close on December 1, 2026. Transfer all assets out by 23:59 on November 30, and update your Cobo receiving addresses and withdrawal whitelists saved on other platforms.
- Assets not transferred by the deadline will incur a monthly management fee of 2% in the respective cryptocurrency, with a minimum charge equivalent to $100 per month. Leaving assets in your account will be deemed consent to the fee. The announcement did not explain the reason for the shutdown or say whether institutional services would be affected.
Cobo’s custodial assets under management are limited, so funds are likely to migrate to self-custody wallets and spot markets on leading CEXs, without creating sustained selling pressure on the order book. If withdrawals surge ahead of the end-of-November deadline, that would reflect friction from the migration—not a signal of a trend reversal. If you still have assets on Cobo, would you transfer them directly to Binance spot or move them to a cold wallet?
$BTC $ETH $USDT
- App services will close on December 1, 2026. Transfer all assets out by 23:59 on November 30, and update your Cobo receiving addresses and withdrawal whitelists saved on other platforms.
- Assets not transferred by the deadline will incur a monthly management fee of 2% in the respective cryptocurrency, with a minimum charge equivalent to $100 per month. Leaving assets in your account will be deemed consent to the fee. The announcement did not explain the reason for the shutdown or say whether institutional services would be affected.
Cobo’s custodial assets under management are limited, so funds are likely to migrate to self-custody wallets and spot markets on leading CEXs, without creating sustained selling pressure on the order book. If withdrawals surge ahead of the end-of-November deadline, that would reflect friction from the migration—not a signal of a trend reversal. If you still have assets on Cobo, would you transfer them directly to Binance spot or move them to a cold wallet?
$BTC $ETH $USDT