2. Too many fees apply
Centralised and decentralised exchanges (CEXs and DEXs) primarily generate revenues through fees. For centralised exchanges, it could be spreads, trading fees, or in-house fees from product usage or sales. For DEXs, it could be through gas fees or liquidity pools. Whatever option you choose, you’ll always arrive at a fee. Depending on the market or network conditions, the fees could be outrageous and affect your net income.