How do I set URL anchor text when sending email on iOS?

I don't see a way to do this so maybe I'm not seeing it but on iOS when I paste a URL there is no way to edit the anchor text. Is it possible to set this somewhere? Sometimes I need to send a link to a customer or prospect that is just very long. I'd like to be able to set the anchor text in the editor so they get a short link like this instead of: