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The CBM experiment at FAIR will use GBTX and Versatile Link based readout systems for several of its subdetectors. The paper describes the GBT based readout concept in CBM, emphasizing the common features among systems. Particular choices and features of the readout are motivated mainly by the requirements in the readout of the silicon tracking system (STS). Common developments like a common CBM readout board are presented. The prototype board provides full GBT functionality for all systems, can be interfaced to various prototype readout chains and be refined for later detector specific versions.