It was created in the 2008–09 season by Cyprus Football Association. Participation in this cup is not compulsory, so the number of the clubs that participate is different each year. The competition is a knockout tournament. The matches in the first two rounds are single-legged and the matches in quarterfinals and semifinals are two-legged. The final is a single match played in neutral ground. The winner and the finalist of the cup are receiving a respectful amount of money by CFA as a bonus prize. The sponsor of the competition is Coca-Cola.