diff --git a/freqtrade/tests/exchange/test_exchange.py b/freqtrade/tests/exchange/test_exchange.py
index afd7b441a..d9f350c7b 100644
--- a/freqtrade/tests/exchange/test_exchange.py
+++ b/freqtrade/tests/exchange/test_exchange.py
@@ -101,18 +101,21 @@ def test_destroy(default_conf, mocker, caplog):
 def test_init_exception(default_conf, mocker):
     default_conf['exchange']['name'] = 'wrong_exchange_name'
 
-    with pytest.raises(
-            OperationalException,
-            match='Exchange {} is not supported'.format(default_conf['exchange']['name'])):
+    with pytest.raises(OperationalException,
+                       match=f"Exchange {default_conf['exchange']['name']} is not supported"):
         Exchange(default_conf)
 
     default_conf['exchange']['name'] = 'binance'
-    with pytest.raises(
-            OperationalException,
-            match='Exchange {} is not supported'.format(default_conf['exchange']['name'])):
+    with pytest.raises(OperationalException,
+                       match=f"Exchange {default_conf['exchange']['name']} is not supported"):
         mocker.patch("ccxt.binance", MagicMock(side_effect=AttributeError))
         Exchange(default_conf)
 
+    with pytest.raises(OperationalException,
+                       match=r"Initialization of ccxt failed. Reason: DeadBeef"):
+        mocker.patch("ccxt.binance", MagicMock(side_effect=ccxt.BaseError("DeadBeef")))
+        Exchange(default_conf)
+
 
 def test_exchange_resolver(default_conf, mocker, caplog):
     mocker.patch('freqtrade.exchange.Exchange._init_ccxt', MagicMock(return_value=MagicMock()))
@@ -1436,16 +1439,12 @@ def test_get_fee(default_conf, mocker, exchange_name):
                            'get_fee', 'calculate_fee')
 
 
-
 def test_stoploss_limit_order_unsupported_exchange(default_conf, mocker):
     exchange = get_patched_exchange(mocker, default_conf, 'bittrex')
     with pytest.raises(OperationalException, match=r"stoploss_limit is not implemented .*"):
         exchange.stoploss_limit(pair='ETH/BTC', amount=1, stop_price=220, rate=200)
 
 
-
-
-
 def test_merge_ft_has_dict(default_conf, mocker):
     mocker.patch.multiple('freqtrade.exchange.Exchange',
                           _init_ccxt=MagicMock(return_value=MagicMock()),