diff --git a/docs/configuration.md b/docs/configuration.md
index cf3872f1c..6eb245706 100644
--- a/docs/configuration.md
+++ b/docs/configuration.md
@@ -682,16 +682,14 @@ To use a proxy for exchange connections - you will have to define the proxies as
 { 
   "exchange": {
     "ccxt_config": {
-      "aiohttp_proxy": "http://addr:port",
-      "proxies": {
-        "http": "http://addr:port",
-        "https": "http://addr:port"
-      },
+      "httpsProxy": "http://addr:port",
     }
   }
 }
 ```
 
+For more information on available proxy types, please consult the [ccxt proxy documentation](https://docs.ccxt.com/#/README?id=proxy).
+
 ## Next step
 
 Now you have configured your config.json, the next step is to [start your bot](bot-usage.md).
diff --git a/requirements.txt b/requirements.txt
index c741a2295..cf92f5bdc 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -3,7 +3,7 @@ numpy==1.24.3; python_version <= '3.8'
 pandas==2.0.3
 pandas-ta==0.3.14b
 
-ccxt==4.0.12
+ccxt==4.0.14
 cryptography==41.0.1; platform_machine != 'armv7l'
 cryptography==40.0.1; platform_machine == 'armv7l'
 aiohttp==3.8.4
diff --git a/setup.py b/setup.py
index 4b73ae653..1d35957e0 100644
--- a/setup.py
+++ b/setup.py
@@ -70,7 +70,7 @@ setup(
     ],
     install_requires=[
         # from requirements.txt
-        'ccxt>=3.0.0',
+        'ccxt>=4.0.0',
         'SQLAlchemy>=2.0.6',
         'python-telegram-bot>=20.1',
         'arrow>=1.0.0',
diff --git a/tests/exchange/test_ccxt_compat.py b/tests/exchange/test_ccxt_compat.py
index 51f373108..51d016d11 100644
--- a/tests/exchange/test_ccxt_compat.py
+++ b/tests/exchange/test_ccxt_compat.py
@@ -293,11 +293,7 @@ def set_test_proxy(config: Config, use_proxy: bool) -> Config:
     if use_proxy and (proxy := os.environ.get('CI_WEB_PROXY')):
         config1 = deepcopy(config)
         config1['exchange']['ccxt_config'] = {
-            "aiohttp_proxy": proxy,
-            'proxies': {
-                'https': proxy,
-                'http': proxy,
-            }
+            "httpsProxy": proxy,
         }
         return config1