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Cobo to Shut Down Consumer Wallet App on December 1
Digital asset custody provider Cobo announced it will permanently shut down its consumer-facing wallet app on December 1, 2026. The app will cease operations at midnight Singapore time, giving existing users until the end of November to withdraw their cryptocurrency. Assets remaining after the deadline will incur a monthly management fee of 2% or a minimum of $100, beginning January 1, 2027. The closure applies exclusively to the consumer app, leaving institutional wallet services unaffected. Cobo previously halted new consumer registrations in 2021 to focus on its enterprise business.