A process for producing a blend of C2-C4 hydrocarbons, especially propane and butanes, and BTX, comprising a) subjecting a mixed hydrocarbon feedstream comprising C5+ hydrocarbons to first hydrocracking in the presence of a first hydrocracking catalyst to produce a first hydrocracking product stream; b) separating the first hydrocracking product stream to provide at least a light hydrocarbon stream comprising at least C2 and C3 hydrocarbons, a middle hydrocarbon stream comprising C4 and/or C5 hydrocarbons and a heavy hydrocarbon stream comprising at least C6+ hydrocarbons and c) subjecting the heavy hydrocarbon stream to second hydrocracking in the presence of a second hydrocracking catalyst to produce a second hydrocracking product stream comprising BTX, wherein the second hydrocracking is more severe than the first hydrocracking, wherein at least part of the middle hydrocarbon stream is recycled back to the first hydrocracking in step a) , wherein the first hydrocracking catalyst is a catalyst containing one metal or two or more metals of group VIII, VI B or VII B of the periodic classification of elements deposited on a carrier, wherein the first hydrocracking is performed under conditions comprising a temperature of 250-580 °C, preferably 300-450 °C, a pressure of 0.3-5 MPa gauge and a Weight Hourly Space Velocity (WHSV) of 0.1-15 h -1 , and wherein the second hydrocracking is performed using a hydrocracking catalyst comprising 0.01-1 wt-% hydrogenation metal in relation to the total catalyst weight and a zeolite having a pore size of 5-8 Å and a silica (SiO 2 ) to alumina (Al 2 O 3 ) molar ratio of 5-200 under conditions comprising a temperature of 300-580 °C, preferably 425-580 °C, a pressure of 0.3-5 MPa gauge and a Weight Hourly Space Velocity (WHSV) of 0.1-15 h -1 . a) subjecting a mixed hydrocarbon feedstream comprising C5+ hydrocarbons to first hydrocracking in the presence of a first hydrocracking catalyst to produce a first hydrocracking product stream; b) separating the first hydrocracking product stream to provide at least a light hydrocarbon stream comprising at least C2 and C3 hydrocarbons, a middle hydrocarbon stream comprising C4 and/or C5 hydrocarbons and a heavy hydrocarbon stream comprising at least C6+ hydrocarbons and c) subjecting the heavy hydrocarbon stream to second hydrocracking in the presence of a second hydrocracking catalyst to produce a second hydrocracking product stream comprising BTX, wherein the second hydrocracking is more severe than the first hydrocracking, wherein at least part of the middle hydrocarbon stream is recycled back to the first hydrocracking in step a) , wherein the first hydrocracking catalyst is a catalyst containing one metal or two or more metals of group VIII, VI B or VII B of the periodic classification of elements deposited on a carrier, wherein the first hydrocracking is performed under conditions comprising a temperature of 250-580 °C, preferably 300-450 °C, a pressure of 0.3-5 MPa gauge and a Weight Hourly Space Velocity (WHSV) of 0.1-15 h -1 , and wherein the second hydrocracking is performed using a hydrocracking catalyst comprising 0.01-1 wt-% hydrogenation metal in relation to the total catalyst weight and a zeolite having a pore size of 5-8 Å and a silica (SiO 2 ) to alumina (Al 2 O 3 ) molar ratio of 5-200 under conditions comprising a temperature of 300-580 °C, preferably 425-580 °C, a pressure of 0.3-5 MPa gauge and a Weight Hourly Space Velocity (WHSV) of 0.1-15 h -1 . <EOS>