WhatsApp Introduced new features yesterday.
This was announced by Mark Zuckerberg on his Whatsapp Channel Page.
The new text formatting features include adding bullet lists, Number list, block quotes, inline code etc
This can be apply on messages easily, E.g to add block quote, start your message with this > sign or add it add the beginning of your message.
These new features are available on WhatsApp Version 2.24.3.81
You may have to update your Whatsapp on Google play store to enjoy these new functions