A process for producing LPG and BTX, wherein LPG consists of a blend of C2, C3 and C4 hydrocarbons, comprising a) subjecting a mixed hydrocarbon stream 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 hydrocarbons and a heavy hydrocarbon stream comprising at least C6+ hydrocarbons, 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 catalyst and/or the conditions of the second hydrocracking are chosen such that the stream produced by the second hydrocracking comprises a higher proportion of C1than the stream produced by the first hydrocracking for a given hydrocarbon feed stream, and d) subjecting at least part of the middle hydrocarbon stream to C4 hydrocracking for producing a C4 hydrocracking product stream containing C2-C3 hydrocarbons, wherein a C4 hydrocracking catalyst is used consisting of a mordenite and an optional binder or comprising sulfide-nickel/H-Erionite1 and the C4 hydrocracking is performed under conditions comprising a temperature between 325 and 450 °C, a partial hydrogen pressure between 2 and 4 MPa, a molar ratio hydrogen to hydrocarbon feed of 2:1 to 8:1, wherein the number of moles of the hydrocarbon feed is based on the average molecular weight of the hydrocarbon feed and a VVH of 0.5 to 5 h -1 . a) subjecting a mixed hydrocarbon stream 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 hydrocarbons and a heavy hydrocarbon stream comprising at least C6+ hydrocarbons, 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 catalyst and/or the conditions of the second hydrocracking are chosen such that the stream produced by the second hydrocracking comprises a higher proportion of C1than the stream produced by the first hydrocracking for a given hydrocarbon feed stream, and d) subjecting at least part of the middle hydrocarbon stream to C4 hydrocracking for producing a C4 hydrocracking product stream containing C2-C3 hydrocarbons, wherein a C4 hydrocracking catalyst is used consisting of a mordenite and an optional binder or comprising sulfide-nickel/H-Erionite1 and the C4 hydrocracking is performed under conditions comprising a temperature between 325 and 450 °C, a partial hydrogen pressure between 2 and 4 MPa, a molar ratio hydrogen to hydrocarbon feed of 2:1 to 8:1, wherein the number of moles of the hydrocarbon feed is based on the average molecular weight of the hydrocarbon feed and a VVH of 0.5 to 5 h -1 . <EOS>