Cobo, the digital asset custody firm co-founded by one of the creators of the F2Pool Bitcoin mining pool, will terminate its consumer-facing wallet application on December 1, 2026, ending a product that has been available to retail users for nearly nine years. Users have until 11:59 p.m. UTC+8 on November 30 to move all assets out of the app.

Accounts that still hold funds after the closure will be subject to a monthly management fee equal to 2% of remaining balances, with a minimum charge of $100, according to a shutdown notice dated October 15 and posted on the company’s website a day later. The first deduction is scheduled for January 1, 2027, covering December 2026.

The company said the closure applies only to its consumer wallet,…