Shares of Robinhood Markets Inc. (HOOD) are falling Thursday after the company posted its August monthly metrics, roughly a month after delivering record quarterly results.

What should traders watch with HOOD?

Robinhood August Metrics

Robinhood ended August with 28.6 million funded customers, up around 120,000 from the end of July.

Total platform assets reached $384 billion in August, up 8% month-over-month and up 26% year-over-year.

Net deposits for the month totaled $4 billion.

Equity trading activity came in at $335 billion for August, up 1% month-over-month and up 68% year-over-year.

Options contracts traded hit 293 million in August, down 10% from July but up 50% year-over-year.

Cryptocurrency-related trading was $17.5 billion for August, up 61% from July but down 38% year-over-year.

Event contracts totaled 4.7 billion units in August, down 23% from July but up roughly 15x year-over-year.

The average daily volume of event contracts was 152 million in August, down around 23% from July.

While crypto trading and funded accounts showed strength, that double-digit percentage drop in event contracts from July could be enough to spook investors.

Prediction markets have been one of the key growth metrics for Robinhood, and the slowdown could signal customers losing interest or the company losing market share to competitors.

Robinhood Stock Price Action

Robinhood stock is down 1% to $112.35 in after-hours trading Thursday, versus a 52-week trading range of $63.52 to $153.86.