diff --git a/electrum/submarine_swaps.py b/electrum/submarine_swaps.py
index 2c8fb4e84..fc1a6a738 100644
--- a/electrum/submarine_swaps.py
+++ b/electrum/submarine_swaps.py
@@ -6,6 +6,7 @@ from typing import TYPE_CHECKING, Optional, Dict, Union, Sequence, Tuple, Iterab
 from decimal import Decimal
 import math
 import time
+import concurrent.futures
 
 import attr
 import aiohttp
@@ -952,12 +953,19 @@ class SwapManager(Logger):
         self.trigger_pairs_updated_threadsafe()
 
     def trigger_pairs_updated_threadsafe(self):
+        future = concurrent.futures.Future()
         def trigger():
             self.is_initialized.set()
             self.pairs_updated.set()
             self.pairs_updated.clear()
-        loop = get_asyncio_loop()
-        loop.call_soon_threadsafe(trigger)
+            future.set_result(None)
+        asyncio_loop = get_asyncio_loop()
+        if get_running_loop() == asyncio_loop:
+            trigger()  # this is running on the asyncio event loop
+        else:
+            asyncio_loop.call_soon_threadsafe(trigger)
+            # block until the event loop has run the trigger function
+            _ = future.result()
 
     def server_maybe_trigger_liquidity_update(self) -> None:
         """