Electrode-induction gas atomization (EIGA) is a promising and cost-effective method for producing spherical intermetallic titanium powders used in additive manufacturing. The present study investigates the morphology, microstructure, chemical, phase composition, nanoindentation properties of commercial pre-alloyed TiAl-based EIGA alloy powder. Ti - 48Al - 2Cr - 2Nb powder is characterized by a spherical shape and dendritic structure with the dendrites enriched in Nb and the interdendritic areas in aluminum and chromium. Using thermal analysis, during heating and cooling in an inert atmosphere of argon at a rate of 50 K/min, the temperature ranges of phase transformations in the powder with the precipitation/dissolution of phases α2, α, γ, B2, (TiNb)Cr2. The development of the powder oxidation process at temperatures above 500°C and a significant increase in its rate at temperatures above 900°C have been established.