Users are prohibited from wash trading, using other users' accounts without permission, and trading digital assets that qualify as securities, and are personally responsible for their own conduct on the platform.
This analysis describes what OpenSea's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
The prohibition on trading securities-classified digital assets through OpenSea places compliance responsibility on users for determining whether assets they trade may be regulated as securities, which is a complex and evolving legal question.
Interpretive note: The classification of specific digital assets as securities under applicable law is an evolving and contested legal question, and the practical scope of this prohibition depends heavily on how courts and regulators resolve ongoing digital asset classification disputes.
Users are individually responsible for ensuring their trading activity complies with applicable law, including securities law, which means users who trade digital assets later classified as securities could face regulatory exposure that OpenSea's terms do not protect against.
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"You agree that you will not violate any laws, contracts, intellectual property rights or other third-party rights or commit a tort, and that you are solely responsible for your conduct while accessing or using our Services. You agree that you will not: use or attempt to use another user's Account without authorization from such user and OpenSea; engage in wash trading or any other deceptive or manipulative trading activities; directly or indirectly, use the Services to engage in or to facilitate the buying, selling, transferring, or trading of any digital asset that constitutes a security under applicable law.Excerpt from OpenSea's Terms of Service
REGULATORY LANDSCAPE: The prohibition on trading securities through the platform engages SEC jurisdiction over digital asset classification, which remains actively contested in US courts and through SEC enforcement actions.
Enforcement risk, jurisdiction flags, contract triggers, and due diligence action items.
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The prohibition on trading securities-classified digital assets through OpenSea places compliance responsibility on users for determining whether assets they trade may be regulated as securities, which is a complex and evolving legal question.
Users are individually responsible for ensuring their trading activity complies with applicable law, including securities law, which means users who trade digital assets later classified as securities could face regulatory exposure that OpenSea's terms do not protect against.
ConductAtlas has identified this type of provision across 141 platforms. See the full comparison.
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