diff --git a/freqtrade/exchange/exchange_utils.py b/freqtrade/exchange/exchange_utils.py
index eaa6a7f42..43d7acbd6 100644
--- a/freqtrade/exchange/exchange_utils.py
+++ b/freqtrade/exchange/exchange_utils.py
@@ -54,17 +54,18 @@ def available_exchanges(ccxt_module: CcxtModuleType | None = None) -> list[str]:
     return [x for x in exchanges if validate_exchange(x)[0]]
 
 
-def _exchange_has_helper(ex_has: dict[str, Any], required: dict[str, list[str]]) -> list[str]:
+def _exchange_has_helper(ex_mod: ccxt.Exchange, required: dict[str, list[str]]) -> list[str]:
     """
-    Checks availability of methods (or their replacement)s in a merged has-dict.
-    :param ex_has: merged "has" dict (ccxt.has)
+    Checks availability of methods (or their replacement)s in ex_mod.has
+    :param ex_mod: ccxt Exchange module
     :param required: dict of required methods, with possible replacement methods as list
     :return: list of missing required methods
     """
     return [
         k
         for k, v in required.items()
-        if ex_has.get(k) is not True and (len(v) == 0 or not (all(ex_has.get(x) for x in v)))
+        if ex_mod.has.get(k) is not True
+        and (len(v) == 0 or not (all(ex_mod.has.get(x) for x in v)))
     ]
 
 
@@ -81,19 +82,17 @@ def validate_exchange(exchange: str) -> tuple[bool, str, str, ccxt.Exchange | No
     if not ex_mod or not ex_mod.has:
         return False, "", "", None
 
-    ex_has = dict(ex_mod.has or {})
-
     result = True
     reasons = []
     reasons_fut = ""
-    missing = _exchange_has_helper(ex_has, EXCHANGE_HAS_REQUIRED)
+    missing = _exchange_has_helper(ex_mod, EXCHANGE_HAS_REQUIRED)
     if missing:
         result = False
         reasons.append(f"missing: {', '.join(missing)}")
 
-    missing_opt = _exchange_has_helper(ex_has, EXCHANGE_HAS_OPTIONAL)
+    missing_opt = _exchange_has_helper(ex_mod, EXCHANGE_HAS_OPTIONAL)
 
-    missing_futures = _exchange_has_helper(ex_has, EXCHANGE_HAS_OPTIONAL_FUTURES)
+    missing_futures = _exchange_has_helper(ex_mod, EXCHANGE_HAS_OPTIONAL_FUTURES)
 
     if exchange.lower() in BAD_EXCHANGES:
         result = False
diff --git a/tests/exchange/test_exchange_utils.py b/tests/exchange/test_exchange_utils.py
index 9460b8abf..d0d35a9dd 100644
--- a/tests/exchange/test_exchange_utils.py
+++ b/tests/exchange/test_exchange_utils.py
@@ -404,7 +404,7 @@ def test_exchange__exchange_has_helper():
         "fetchMyTrades": ["fetchTrades"],
         "fetchOrder": ["fetchOpenOrder", "fetchClosedOrder"],
     }
-    missing = _exchange_has_helper(e_mod.has, required)
+    missing = _exchange_has_helper(e_mod, required)
     assert set(missing) == {"fetchOHLCV"}
 
     e_mod.has = {
@@ -414,7 +414,7 @@ def test_exchange__exchange_has_helper():
         "fetchMyTrades": False,
         "fetchOrder": True,
     }
-    missing = _exchange_has_helper(e_mod.has, required)
+    missing = _exchange_has_helper(e_mod, required)
     assert set(missing) == {"fetchOHLCV", "fetchMyTrades"}
 
     e_mod.has = {
@@ -424,5 +424,5 @@ def test_exchange__exchange_has_helper():
         "fetchMyTrades": False,
         "fetchOrder": False,
     }
-    missing = _exchange_has_helper(e_mod.has, required)
+    missing = _exchange_has_helper(e_mod, required)
     assert set(missing) == {"fetchOHLCV", "fetchMyTrades", "fetchOrder"}