The present invention relates to a process for converting a hydrocarbon feedstock into olefins and preferably also into BTX, said converting process comprising the following steps of: feeding a hydrocarbon feed-stock to a first hydrocracking unit, feeding the effluent from said first hydrocracking unit to a first separation section, separating said effluent in said first separation section feeding at least one stream to a dehydrogenation unit, and feeding the effluent from said at least one dehydrogenation unit to a second separation section.