The Copa Bicentenario was founded in 2019 as a plan to make the Peruvian football league system more competitive.

Multiple previous attempts were made to create domestic cups such as the Torneo del Inca, but none were fully implemented, only being used for a few seasons.

In the 2019 edition, the tournament used a group stage knockout format, where each team is seeded into a group of either three or four, and play in a round robin system, with the top two teams entering the knockout round and the winner becoming champion.

The Copa Bicentenario was the first championship formed, along with the Supercopa Peruana to give teams more competition.

[1] Unlike the Group Stage round-robin format of the first edition, the tournament changed to a bracket system with two rounds.

On August 23, it was announced that the Copa Bicentenario was canceled in order for the Peru national football team to focus on their 2022 FIFA World Cup play-off with Australia, along with reforms made to Peruvian football by the FPF.

[3][4] The tournament was replaced by the Copa de la Liga Peruana in 2025 as Peru's national cup competition after not being played in 3 years.